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Affordable housing bond projects inch toward closing; county extends allocation windows
Summary
Staff said no new allocations were made since the last update but the county reimbursed some expenses (including to the Maribel project) and has extended allocation windows for three contracted projects originally set to expire 06/30/2025 to allow time for lender-driven closings.
Staff presented an update on bond-funded affordable housing projects and told the committee there were no changes to fund distribution since the previous presentation, but that the county has reimbursed some expenditures for contracted projects.
Matt, who presented the update, said three projects have existing allocations and contracts but have not yet closed. He explained that bond disbursements are reimbursement-based and require…
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