Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Clear Branch topic
No spam. Unsubscribe anytime.
Board approves $8M preliminary resolution for Clear Branch townhomes near Harrison community
Summary
The board approved a preliminary resolution not to exceed $8,000,000 for Clear Branch townhomes at 5211 Highway 58: roughly 80 two-story units targeted to households at 60% AMI or less, with about 10% accessible units, according to the presenter.
Board members approved a preliminary resolution to preserve tax-exempt bond authority for the Clear Branch townhomes development at 5211 Highway 58.
Charles Ramsey of Waypoint Housing Insights, the presenter, described the project as "approximately 80 townhomes" that are two stories and "targeted for families whose household income is at 60% of AMI or less." Ramsey said roughly 10% of units were planned for mobility- and audiovisual-accessible needs. The board confirmed legal notice had been published and then approved the resolution by voice vote.
The presenter answered questions about the site location (near the Harrison community and Turkey Foot Trail) and said the project design was at an early stage; final design and financing would return for later approvals if the THDA/LIHTC application is successful.
