Council reaffirms support for Red Bud Ridge applications, approves petitions and developer agreement
Council updated and approved a resolution supporting Red Bud Ridge’s housing investor tax credit application, accepted petitions and approved a developer’s agreement and resolution of advisability to finance infrastructure via RHID and special assessments.
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Staff asked council to update a prior support resolution so the developer could reapply to the Housing Resources Corporation housing investor tax credit program for the Red Bud Ridge project. The resolution was presented as an update to a prior approval from last year and council voted to authorize the preparation and submission of the application in support of the developer.
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