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Committee backs $2.84 million to build supportive housing and pay down Section 108 loans
Summary
The committee recommended a $2,840,000 fiscal ordinance to fund a 16-unit permanent supportive housing project at 233 Lynn Street and to pay down Section 108 loans for infrastructure projects; the measure was recommended "do pass" by a 15-0 roll call.
The Metropolitan Economic Development Committee on Jan. 30 recommended that the City-County Council approve a fiscal ordinance totaling $2,840,000 to fund a permanent supportive housing project and to pay down outstanding Section 108 loans.
Lucas Anderson, CFO/COO for the Department of Metropolitan Development, told the committee the ordinance has two parts: a $1,340,000 appropriation from the housing trust sub fund to contribute to a 16-unit, two-story permanent supportive housing building at 233 Lynn Street (a partnership with Horizon House and Englewood Development Corporation) and a…
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