Temp. Reso. #R7771 approving a loan commitment to Pinnacle in the amount of $640,000, subject to adjustment, to serve as a Local Government Area of Opportunity Funding Match for an application for funding through the Florida Housing Finance Corporation’s 2022 Request For Applications (RFA 2022-202) process for a competitive 9% tax credit, pursuant to Section 42 of the Internal Revenue Code and Section 420.5099, Florida Statutes, for the construction of a new 84-unit, low- and very-low income affordable rental housing development to be known as “Foxcroft Estates” on a 2.13-acre vacant parcel of real property located on Foxcroft Road. (Building, Planning and Zoning Assistant Director Nixon Lebrun)

Committee

CITY COMMISSION REGULAR MEETING

Requested by

C & E Dev

Introduced

October 6, 2022

On agenda

November 2, 2022

Passed

December 31, 2023