Equitable Development Contribution associated with the City Foundry Saint Louis Redevelopment Area
The purpose of this bill is to accept the Equitable Development Contribution associated with the City Foundry Saint Louis Redevelopment Area. The equitable development contribution is being paid by Vande East Partners, LLC in the amount of $1,800,000.00 to support affordable housing. The bill appropriates the funds to the Affordable Housing Commission (“AHC”) and authorizes the AHC to expend such funds for the purposes of supporting affordable housing preservation, maintenance, and residential services within the current boundaries of the 17th ward and neighborhoods located North of Delmar Boulevard. This bill will fund housing assistance to homeowners who represent vulnerable populations within the city (senior citizens, low income, and people with disabilities). The bill contains a severability clause and an emergency clause.
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
Bill text was introduced (1.85 MB PDF).01/14/2022
Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.02/08/2022
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.02/11/2022
The bill was passed.02/25/2022
The bill was placed on the informal calendar.04/14/2022
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.04/14/2022
The bill was passed.04/15/2022Feedback is anonymous.
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