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Finance committee approves $2 million city contribution to High Point Community Foundation housing fund
Summary
The finance committee voted to approve a $2 million contribution to the High Point Community Foundation27s Housing Impact Fund, using previously appropriated ARPA dollars and bond premium funds; the foundation aims to raise $40 million and the funds will be managed by Self-Help Ventures per the agreement described to the committee.
Mayor Pro Tem Britt Moore presided over a finance committee meeting that approved a $2,000,000 contribution from the city to the High Point Community Foundation27s Housing Impact Fund.
The funding, the committee heard, will combine previously appropriated American Rescue Plan Act (ARPA) funds of $1,606,582 with $393,418 in bond premium from 2018…
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