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GHA approves financing for mixed-income housing - The Galveston County Daily News : Local News

October 21, 2014

GHA approves financing for mixed-income housing

Posted: Thursday, July 24, 2014 8:43 pm

GALVESTON  — The Galveston Housing Authority’s board of commissioners approved a group of resolutions Thursday that clear the way for the financing of the island’s two mixed-income housing developments.

Commissioners unanimously approved resolutions that amended agreements and approved loans that will allow the developments to receive up to $78 million for construction and associated costs. The sources of the money include disaster recovery funds managed by the Texas General Land Office and insurance proceeds controlled by the housing authority.

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