Jeff Hancock

Franklin County Fiscal Court Work Session

The Franklin County Fiscal Court held a work session to review an affordable housing project presentation by Winterwood Incorporated. Key discussion topics included the project's site design, the inclusion of community space for local charitable organizations, and the proposed unit mix of 30 apartments. The presenter outlined the financial structure, including a construction cost of approximately $5.9 million and a total investment of $7.5 million, as well as rent limitations associated with the Kentucky Housing Corporation funding. The court discussed the timeline for the housing tax credit application process, anticipated construction duration, and the need for contingency plans if the project does not receive the necessary funding.

Extracted from official board minutes, strategic plans, and video transcripts.