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AHAB reviews midyear Affordable Housing Trust Fund reports; members press grantees for timelines and partnerships
Summary
Boarders reviewed midyear reports from trust-fund grantees, raised questions about project timelines and funding gaps (trust fund ~$1.2M vs. ~$5M in requests), and encouraged applicants to present detailed budgets and partner with experienced affordable-housing developers when needed.
At its Sept. 11 meeting the Affordable Housing Advisory Board reviewed midyear reports from Affordable Housing Trust Fund grantees and pressed several applicants for clearer timelines and additional development partners.
Staff said the trust fund has approximately $1,200,000 available for awards this year while applications represent nearly $5 million in requests. Members repeatedly asked…
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