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Board gives preliminary OK to 140‑unit Buena Vista phase 2 to preserve QCT status
Summary
The board granted preliminary inducement for ECG Buena Vista phase 2 — a 140‑unit project using up to $44,000,000 in multifamily bonds — with developers citing a narrow window to preserve Qualified Census Tract status and noting environmental considerations (a creek) on the site.
The Health and Education Facilities Board voted to grant preliminary approval for ECG Buena Vista’s phase 2, authorizing the team to seek multifamily housing revenue bonds not to exceed $44,000,000 for a proposed 140‑unit development adjacent to an existing 184‑unit project.
Elsie, the sponsor representative, said the…
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