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Fiscal Court approves option to ground lease 501 Holmes St. to Winterwood for LIHTC housing plan
Summary
The court approved an option to ground lease county property at 501 Holmes Street to Winterwood Development LLC, modifying the lease term from 75 to 50 years to meet investor requirements for Low‑Income Housing Tax Credit financing; the item passed during the meeting's voting session.
The Franklin County Fiscal Court voted Dec. 18 to approve an option to ground lease county‑owned property at 501 Holmes Street to Winterwood Development LLC as part of a proposed Low‑Income Housing Tax Credit (LIHTC) project. Autumn presented the amended option and said the term had been changed from 75 years to 50 years following developer and…
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