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State housing trust fund money fills a $2 million gap; developers buy the property in December
City staff wrote that construction was first expected to start in summer 2021, but pricing then left a $2 million gap. TDHCA allocated National Housing Trust Fund money to the project on October 22, 2021, and the developers closed on buying the property from the North Heights Advisory Association on December 3, 2021.[1]
North Heights Advisory Association
What the sources say
- ✓ Verified
Sources describe the property passing by donation before the sale to the developers: KFDA (2020) reported that the St. Anthony's board received it as a donation; the Globe-News (2022) reported that the North Heights Advisory Association received it as a donation; Potter County's Treasury project description says the facility was "donated by the hospital district." City staff wrote that the developers bought the property from the North Heights Advisory Association on December 3, 2021. [2][3][4][1]
- ✓ Verified
City staff wrote that construction was originally projected to start in summer 2021, that pricing received then showed a $2 million gap, and that TDHCA allocated National Housing Trust Fund money to the project on October 22, 2021, which allowed it to move forward. [1]
- Gap
- $2,000,000
