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Officials report ERRA2 closeout and ARPA housing results, tax-exemption discussed
Summary
Staff reported final ERRA2 closeout figures: 34,335 applications, 2,933 households funded and roughly $10.8 million in direct payments; ARPA projects produced 229 affordable units and staff discussed tax-exemption and development opportunities that could yield about 500 additional 60% AMI units.
Staff provided final program closeout numbers for the county's ERRA2 and ARPA efforts and briefed members on development opportunities enabled by a recent tax-exemption.
Jared reported the ERRA2 closeout covering the period from fall 2021 through Sept. 30, 2025: the program received 34,335 applications and funded all or part of 2,933 unique households. He reported $10,796,521.30 in direct payments delivered to households; Jared also said the county partnered with municipalities and nonprofits on housing-stability activities that added roughly $2.22 million in funding, yielding nearly $14.9 million distributed when combined with other partners and programs.
On ARPA-funded projects, staff said 229 affordable housing units were created or preserved in the county. The Alley North development at Fifth and Broadway was identified as the largest project. Staff described partnerships with Community Action Agency and the Urban League on single-family property rehabilitations; four properties (of six) were rehabilitated and occupied, with the remaining two in renovation and expected to house occupants in late April or early May (timeline provided by staff).
The tax commission granted a tax exemption (tax certificate) to the county, staff said, which opens the possibility of entering development agreements and acting as a co-developer for some multifamily projects. Staff discussed the potential to create a 501(c)(3) entity to hold title and seek sales/ad valorem exemptions, and said two candidate projects could together add approximately 500 affordable units restricted to 60% AMI. Staff noted such arrangements could produce six-figure revenue to the authority to support staffing and program operations as the portfolio grows.
Next steps: staff will continue to reconcile closeout paperwork with Treasury and local partners, return any de-obligated funds as directed by Treasury, and follow up on development-structure options if negotiations progress.
