Tri-County Housing representatives asked the board for two letters of support for an affordable housing development called La Torre Lofts and La Torre Townhomes. The proposal includes 48 affordable rental units and eight homeownership units on a single site; the developer said the rental component relies on low-income housing tax credits to proceed.
Project representatives asked the county to provide letters of support for two major funding applications: the state gaming share (Local Share Account, or LSA) application and a second application (described in the presentation as a $1,000,000 application through a separate program). Project funding shown in the presentation included roughly $2.9 million budgeted for the homeownership aspect, with nearly $900,000 raised to date (including a $600,000 forgivable grant referenced as previously supported by a county letter and about $300,000 of DCED NAP funding).
Commissioners moved and seconded approval of both letters of support; both motions passed by voice vote. Project presenters confirmed PHFA approval of the rental tax-credit portion and said they anticipate breaking ground by late summer 2026.
The board welcomed the project and approved letters of support to accompany the applicant’s grant and tax-credit applications.