Tamarac commission OKs conditional $640,000 loan commitment to bring 90‑unit affordable complex
The commission voted 5–0 to conditionally commit a $640,000 local loan to HTG Tamarac Terrace LLC to strengthen an application for 9% federal/state tax credits. The developer said the project would include 90 rent‑restricted units with a mix of 30%, 60% and 70% AMI set‑asides and repay the loan from property taxes and project cash flow over 15 years.
The full story
The Tamarac City Commission unanimously approved a conditional loan commitment of $640,000 to HTG Tamarac Terrace LLC to support the developer’s application for 9% low‑income housing tax credits administered by the Florida Housing Finance Corporation (FHFC).
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