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The board unanimously recommended that City Council approve $24,635,537 in Private Activity Bond allocations for three housing projects totaling 292 units, with one member abstaining because of a conflict of interest.
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The recommended funding would support new construction at Hope Springs and preservation work at Prairie Rose and Island Grove. The allocations are slightly below the projects’ combined $24,724,484 requests and still require final approval by City Council. Board members generally opposed charging administrative fees because they could increase affordable-housing development costs, but no fee decision was made.
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