Legislation Details

File #: 26-0621    Version: 1 Name:
Type: RESOLUTION Status: PASSED
File created: 6/2/2026 In control: Community Services
On agenda: 7/2/2026 Final action: 7/2/2026
Title: Resolution Approving a Local Government Area of Opportunity Loan Commitment (LGAO) of $640,000 for McDowell Housing Partners, LLC's Application to the Florida Housing Finance Corporation for Two (2) Competitive Funding Cycles for Nine Percent (9%) Low-income Housing Tax Credits for Ekos Melrose Manor Affordable Housing Development; and Authorizing the City Manager to Provide a Letter of Commitment and Execute the Florida Housing Finance Corporation’s (“FHFC”) Local Government Area of Opportunity Funding Form - (Commission District 3)
Sponsors: City Commission Regular Meeting
Attachments: 1. Commission Agenda Memo 26-0621, 2. Exhibit 1 – McDowell Housing Partners, LLC Proposal, 3. Exhibit 2 – AHAC May 11, 2026, Minutes, 4. Exhibit 3 – FHFC Local Government Area of Opportunity Funding Form, 5. Exhibit 4 - Letter of Committment - Ekos Melrose Manor, 6. Exhibit 5 - Resolution

Title

Resolution Approving a Local Government Area of Opportunity Loan Commitment (LGAO) of $640,000 for McDowell Housing Partners, LLC's Application to the Florida Housing Finance Corporation for Two (2) Competitive Funding Cycles for Nine Percent (9%) Low-income Housing Tax Credits for Ekos Melrose Manor Affordable Housing Development; and Authorizing the City Manager to Provide a Letter of Commitment and Execute the Florida Housing Finance Corporation’s (“FHFC”)  Local Government Area of Opportunity Funding Form - (Commission District 3)