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Developer pitches 88–110-unit affordable housing project, warns of RFP competition for tax credits
Summary
A local private developer proposed building up to 110 affordable units on 6.9 acres and urged coordination after the county issued an RFP that could compete for limited Kentucky Housing Corporation tax credits; he said the project would pay city school taxes and could deliver units by spring 2027.
Jeff Hancock, speaking for Affordable Housing Frankfurt LLC, told Franklin County fiscal court members on May 14 that his private proposal for 88–110 affordable housing units on a surplus 6.9-acre site (known locally as Leather's Field) is designed to meet federal guidelines and pay city school taxes.
"This project will take away a third of the need of housing in affordable manner," Hancock said, citing the county housing study figure that the county is about 324 units short. He said the LLC purchased…
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