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RDA amends FY25-26 budget to allocate $2.5 million for 100 affordable units at Conwy Mall
Summary
Redevelopment Agency approved RDA resolution 20 26-02 to amend the FY25-26 budget, allocating $2,500,000 toward 100 affordable housing units associated with the Conwy Mall RDA agreement; the resolution passed by voice vote during the RDA session.
The Holiday Redevelopment Agency on Feb. 5 approved an amendment to its FY25-26 budget to allocate $2,500,000 for construction of 100 affordable housing units tied to the Conwy Mall redevelopment agreement.
RDA leadership introduced RDA resolution "20 26-02" to amend the agency’s budget. An RDA member moved the resolution and it was seconded; the body approved the measure by voice vote during the RDA session that followed the council meeting. The chair conducted a roll-call-style confirmation, and members present vocalized assent.
Agency staff said this allocation reflects previously discussed terms tied to the Conwy Mall RDA agreement and that the item had been on the RDA’s prior meeting agenda. After approval, the RDA adjourned and recessed into a work session.
The resolution as approved directs $2.5 million from the RDA budget toward the affordable housing project; implementation and disbursement details were not specified in the public session and will follow standard RDA project procedures and agreements.
