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Council authorizes staff to apply for housing assistance grant for Winter Street project
Summary
Council authorized staff to apply for a housing assistance grant to support the Winter Street project; the application includes a $50,000 developer match and does not obligate town funds.
The council voted to authorize staff to apply for a housing assistance grant supporting the Winter Street redevelopment, a project that includes relocation of affected residents and demolition of unsafe structures. Economic development staff Ross Cunningham told the council that the $50,000 match would be provided by the project developer and that the application imposes no financial obligation on the town.
Ross said the grant would help close the project’s capital stack and enable relocation and redevelopment while keeping residents in Lisbon when feasible. Councilors approved authorizing staff to submit the grant application and receive developer commitment letters on the record.
