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EDC Packet 7.9.24
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EDC Packet 7.9.24
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Item 3.a.iii. <br /> <br />EXHIBIT A <br />DESCRIPTION OF THE PROJECTS <br /> <br />The acquisition and construction, as the case may be, of certain economic development <br />facilities within the City which will consist of up to thirty (30) single-family detached homes <br />containing two (2) to four (4) bedrooms of which (i) at least forty percent (40%) of the homes <br />will be sold to households earning one hundred twenty percent (120%) or less of the Area <br />Median Income, with an approximate total development cost of Eight Million Eight Hundred <br />Seventy-three Thousand Dollars ($8,873,000), on certain parcels of real property generally <br />located in the Southeast neighborhood in the City, which are, or will be, located in or physically <br />connected to, and will directly serve and benefit, the South Side Development Area and the <br />South Side Allocation Area. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />DMS 43656370v2
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