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CRA staff reports $57.6M in in-progress awards, majority allocated to mixed-use affordable housing
Summary
CRA staff told the advisory board the agency has about $57.6 million in in-progress awards, roughly $2.5 million spent to date, and that about 80% of in-progress funds target mixed-use affordable housing; staff will provide further strategic timelines for award disbursement.
CRA staff presented a financial update to the Northwest Provenceo of Flagler Heights Redevelopment Advisory Board on Feb. 10, outlining current in-progress awards, historical reinvestment and allocation by project type.
Staff reported roughly $57.6 million currently in-progress, about $2.5 million spent to date, and an outstanding in-progress amount of roughly $55.1 million. Over…
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