File #: 22-1043    Version: 1
Type: Consent Staff Report Status: Passed
File created: 12/1/2022 In control: Board of County Commissioners
On agenda: 12/13/2022 Final action:
Title: American Rescue Plan Act of 2021 - Low Income Housing Tax Credit (LIHTC) award recommendation.
Attachments: 1. Staff Report, 2. Grant Application Package

Title

American Rescue Plan Act of 2021 - Low Income Housing Tax Credit (LIHTC) award recommendation.

Recommended Action

Staff and the Loan Review Committee recommend that the Board of County Commissioners offer $340,000 from the Indian River County Low Income Housing Tax Credit (LIHTC) program as a matching contribution to the HTG Vero Shores project proposed by the Housing Trust Group, LLC on the condition that it is formally selected as a 9% LIHTC awardee (2022-201 RFA).