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Chaffee housing authority wins Prop 123 funding; acquires River Village mobile-home park to preserve affordable units
Summary
The local housing authority reported two Prop 123 awards and completion of a purchase preserving 59 mobile-home units. Officials said the awards create momentum but projects still face funding gaps and insurance/infrastructure challenges.
The Chaffee-area housing authority told commissioners it received Prop 123 funding in the latest cycle for local projects that could advance affordable housing in the county. The authority's representative said the BB Crossing project was awarded funds that position the project to move forward but still leaves a financing gap of about $2.3 million to $2.5 million.
The authority also reported completion of an…
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