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Developer and lender representatives tell El Campo council proposal is market-rate, not low-income
El Campo City Council · July 31, 2025
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Summary
During public comments, developer representatives clarified a proposed housing project is market-rate with a rent restriction at 115% of AMI; they said average rents would be around $1,400 and underwriting remains in lender review with a projected September groundbreaking.
At the start of the July 28 meeting the council heard public comments from project representatives clarifying the financing and nature of a proposed housing development.
Joseph Bramante (spoke from the podium) apologized for recent confusing newspaper wording and said lender terminology in the…
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