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CHDC extends buy-down agreement, begins property search
Summary
The board recorded that an agreement to extend additional buy-down funds was signed and staff has started a property search to use the funds; the meeting did not specify amounts or property targets.
The CHDC meeting record notes that an agreement was signed to extend additional buy-down funds and that a property search is underway to identify where those funds could be used. The minutes state, "The agreement was signed to extend additional funds and a property search is underway." No dollar figures, target neighborhoods or selection criteria were included in the transcript.
The buy-down update was recorded as an operational item; the board did not take a recorded vote or formal action on property selection during this meeting. The transcript does not identify which staff member will lead the property search or whether external approvals will be required.
