3. To authorize the Chairman to execute the Local Government

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

This item concerns a Local Government Verification of Contribution Loan Form, a Local Government Area of Opportunity Funding Form, and a commitment letter. These documents are to be submitted with a LIHTC Program application. The fiscal impact is $460,000, which is 100 percent grant funded. This item is currently under review. The project will involve securing funding for a housing development. This could lead to opportunities for contractors, suppliers, and service providers involved in residential construction, including site preparation, utility work, framing, and finishing trades. Early engagement before final plans and permits are set could provide a competitive advantage.

fiscal impact

460,000 $