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Housing commission seeks supplemental CIP funds as agency reports rising arrears
Summary
HOC staff asked the committee to consider multiple CIP requests, including $7.5M recommended for supplemental improvements to deeply subsidized units and a $2.1M request for Cider Mill Apartments. HOC leadership told the committee scattered‑site arrears rose to about $16M, and the committee deferred current‑revenue decisions to the operating‑budget process.
Mister Anbinder, council staff, presented the Housing Opportunities Commission (HOC) CIP requests and council‑staff recommendations on March 2. The county executive recommended $7.5 million in six‑year CIP funding for HOC, primarily to support supplemental capital improvements for deeply subsidized HOC‑owned units. Council staff recommended approval of three disclosure items with no six‑year expenditures (a county‑guaranteed bond authorization, an MPDU acquisition fund and an Opportunity Housing Development Fund) and deferred other current‑revenue requests to the operating‑budget process.
Chelsea Andrews…
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