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Fraser awarded $2 million in congressional funds to subsidize St. Louis Landing townhomes
Summary
Town staff announced a $2 million congressional‑directed spending award to subsidize phase two of the St. Louis Landing development (about 13 townhomes), which will reduce the subsidy per unit by roughly $150,000; the town must complete a federal application to access the funds.
Town staff announced Feb. 4 that Fraser has been awarded $2 million in congressionally directed spending to support Phase 2 of the St. Louis Landing project, which the town said will fund approximately 13 townhomes.
Staff said the federal allocation will subsidize each townhome by about $150,000; the town will complete required federal application paperwork and work with federal administrators to secure and manage the funds. The announcement attributed the award to staff work and urged congratulations for the staff member who helped secure the allocation.
Trustees responded positively and noted this will materially reduce subsidy requirements for the town’s housing project; staff reported the award has passed internal review rounds and now proceeds to application and administrative steps required by federal funding rules.
