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Council reviews ARPA amendment for Bangor Housing Development Corporation; staff calls change technical
Summary
City staff told the council the ARPA agreement for a two‑phase, 55+ development will be amended to match permanent financing that requires all units at 60% of AMI or lower; project has $2 million in ARPA support and is expected to break ground in June.
City staff updated the Bangor City Council at its April 7 workshop that the ARPA agreement with Bangor Housing Development Corporation will be amended to reflect a change in the permanent financing terms for a two‑phase housing development for residents aged 55 and older.
City staff said the council previously granted $2,000,000 in American Rescue Plan Act funds for infrastructure related to the…
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