Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Loveland council approves first reading to reimburse housing authority roughly $1.4 million for EDGE Phase 3
Summary
On first reading the council approved reimbursing the Loveland Housing Authority about $1.4 million to maximize federal low-income housing tax credit equity for EDGE Phase 3, adding 69 affordable units and bringing the development to 205 total units; council said the reimbursement follows an existing intergovernmental agreement and will be neutral to the general fund.
The Loveland City Council on Jan. 22 approved on first reading Ordinance No. 6752 to enact a supplemental budget and appropriate roughly $1,400,000 to reimburse the Loveland Housing Authority for previously paid project fees tied to the EDGE Phase 3 affordable housing development.
The funding request was presented by Rod Wintzing, deputy city manager, and Jeff (Loveland Housing Authority), who described EDGE Phase 3 as the final build-out of a three-phase development. Jeff said the third phase adds 69 units and will push the EDGE campus to 205 affordable units that serve households at or below 60% of area median income and include 10 permanent supportive units…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
