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Charlotte County outlines affordable housing progress and funding options as trust fund balance tightens
Summary
County Human Services Director Carrie Walsh reported the Affordable Housing Trust Fund launched with $2.3 million and now has an unencumbered balance of $400,000; staff outlined investments totaling about $11.8 million and floated options to recur funding, including reallocating ARPA or general-fund carryover.
Charlotte County officials on April 17 reviewed progress on local affordable housing efforts and discussed potential recurring funding sources as the county’s affordable housing trust fund balance declines.
“Charlotte Home … awards density, subsidizes fees and waives impact fees,” Carrie Walsh, human services director, told the Board of County Commissioners during the county’s economic and community development focus-area workshop. She said the trust fund began with an initial balance of $2,300,000 and currently shows an unencumbered balance of $400,000.
Walsh detai…
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