| Notes |
The project will have at least 19 units of housing that is affordable per HUD standards to households
making at or below 60% AMI.
• Currently $1,105 (Studio); $1,263 (1-bedroom); $1,420 (2-bedroom)
• The affordability will be ensured by a restrictive covenant placed on the property for a 30 year
term (standard term for our affordable housing projects).
• If the project is sold prior to 10 years from the date of the agreement, Family Promise must return the
grant amount unless an alternative is approved by the City Commission |