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Committee approves increase to LightSpring local match and shortens buydown period
Vision Fund Committee · October 23, 2025
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Summary
The Vision Fund Committee approved raising LightSpring’s local match from $85,000 to $94,273.93 and shortening the buydown period from 120 to 101 months, a change staff said would bring repayment to the Vision Fund about 19 months sooner.
The Vision Fund Committee on Oct. 23 approved an increase in the local match for Surya LLC, doing business as LightSpring, from the previously approved $85,000 to $94,273.93 to accommodate the possible purchase of additional building space.
Nathan introduced the request and said the increase—$9,273.93—would also reduce the…
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