AMBER GARDENS SURTAX REDEPLOYMENT

Housing Committee · 2026-04-14 · resolution

This legislative matter involves the approval of loans from Documentary Stamp Surtax Program funds for three separate affordable housing developments. The loans are redeployments of funds from a previously completed project, Amber Garden, LLC. The resolution was adopted on May 5, 2026. Project 1: Brownsville Village V, a new construction of 120 units, received a loan not to exceed $1,200,000.00. Project 2: Northside Transit Village III, a new construction of 200 units, received a loan not to exceed $1,000,000.00. Project 3: Perrine Village II, a new construction of 150 units, received a loan not to exceed $1,625,000.00. The County Mayor or designee is authorized to execute loan commitments and related documents. No public comment is stated in the document.