Speaker numbers apply only to this recording.
The Affordable Housing Fund Advisory Committee met on October 20, 2026, at 3:00 p.m. in Room 307 of the Civic Center Complex. The meeting covered the financial report, a developer application for down payment assistance, an update on the TruVest Bayard Park homes project, approval of revised contract templates, and updates on current housing trust fund projects. No formal votes were taken, but several items were advanced to the next meeting.
It's a little misleading as usual. So we had committed two hundred and fifty thousand dollars back in August for Echo's Litech project that's contingent on a LITEC award, which we should know. Uh I'm thinking in November. It's a fall application. Um hopefully we'll know that soon. But um we had held off approving any more funding until we knew whether or not we were getting more money in twenty twenty-seven. Um just because we needed that we needed to set that two fifty aside because we had committed it. Now that we know that one million uh dollars will be provided in twenty twenty-seven. And we know Echo won't need their two fifty until twenty twenty-seven. Uh in theory, we could add two fifty to our available balance for grants and loans. So the fourteen thousand two hundred ninety dollars and sixty-one cents there we can we can assume that uh we that two hundred and fifty thousand dollar commitment um isn't needed until twenty twenty-seven, so we can go ahead and and keep spending money until the up hopefully the rest of the year. Okay. And so this is clarify when when Echo was rejected the f their previous year, that money was put back into the pot, right? Correct. Okay. And we've we've appropriated that, okay. So they don't get they don't get this LITEC application again. It'll go back, right? But we have monies to work with it's not encumbered or committed yet. Right. Or by the time it's committed, we will have the million. Yes, so normally these fall LITEC awards don't start until uh the summer. So um by then we'll definitely have that million dollars. We'll at least have depending on how they allocate the money like this year they gave us it in. But uh in theory we'll have at least a quarter of that by the summer, hopefully all of it this time. Okay. Okay, so that means we could carry on. Okay, with our projects. Okay. Okay, many other questions for for Corey on this. Josh Calvin will take the direct hope of that still. We'll request you sixty thousand dollars for the affordable house from the appointment housing trust fund to assist Habitat first time home buyers. And so there's all the right assistance to help first time home buyers. But yeah, I think legally we can't approve anything. Would you like for me to appear on that? Yeah. If you have time. Just in case some ass has a question.