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OCII staff previews ROPS funding requests and housing pipeline in workshop
Summary
OCII staff presented the Recognized Obligations Payment Schedule (ROPS) workshop, outlining a $19 million estimated RPTTF request and housing program financing needs (~$70.35 million across sources) for the July1 to Dec. 31, 2015 period and described next steps to Oversight Board and Department of Finance.
OCII staff used a workshop on Feb. 3 to walk the commission through the Recognized Obligations Payment Schedule (ROPS) for the A period (July 1to Dec. 31, 2015). Staff said the ROPS must be submitted to the Department of Finance by March 1 and described expected Oversight Board review steps in February.
Staff provided a high-level breakdown of funding sources used in the ROPS (bond proceeds,…
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