1. Of a local government contribution in the amount of $460,000 for

BCC - Regular Board Meeting - 4th Tuesday · 2026-04-28 · agenda_item

A local government is considering a contribution of $460,000 for a planned affordable housing development in Lake County. This project is proposed by a developer who must first receive funding from the Low-Income Housing Tax Credit (LIHTC) Program through the Florida Housing Finance Corporation. The contribution is contingent on the developer securing this LIHTC funding. The project is currently under review, pending the outcome of the LIHTC application. If approved, the development would involve site preparation, construction of housing units, and associated infrastructure. This early stage presents an opportunity for contractors, suppliers, and service providers to engage with the developer and understand project needs as plans develop. Reaching out now, before final site plans, bids, and permits are established, could provide a competitive advantage.

local government contribution

460000 $