Merced council backs $1.8 million HOME commitment to boost Link Housing senior project
The Merced City Council unanimously approved a commitment letter reserving roughly $1.8 million in HOME funds to improve Link Housing’s competitiveness for state tax credits on a proposed 54‑unit senior development on I Street. The funding is a reservation, not immediate disbursement, and staff noted a 2029 federal expenditure deadline for the HOME funds.
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The Merced City Council voted unanimously April 6 to approve a commitment letter reserving about $1.8 million in HOME funds to help Link Housing secure state tax credits for a proposed 54‑unit senior housing project on I Street.
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