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DBI reports millions in recent high-value permits and preliminary finances showing projected surplus
Summary
DBI reported several high-value permit filings and recent permit issuances tied to new and affordable housing (projects valued collectively at hundreds of millions) and a preliminary June 30 finance report showing $84.3M revenue and a projected $2.5M surplus for FY21-22 pending year-end close.
DBI presented a combined update on major projects and the department’s finances. Assistant Director Christine Gisbaric highlighted high-value permit filings in June 2022 that together represent more than $575 million in construction valuation and are expected to add roughly 1,500 housing units. Notable items included a $430 million application for the…
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