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Lee County commissioners have approved allocating $7.5 million in federal COVID-19 funds for a pair of affordable housing developments.
The funds come from federal American Rescue Plan Act Recovery & Resilience program, according to a statement. Lee County was provided $149 million in funding to support the local response and recovery from the pandemic. Funds are being allocated for infrastructure, public health, negative economic impacts, revenue replacement and more, the release adds.
The allocations include:
Both will receive funding through Dec. 31, 2024. Both projects will leverage additional grant funding and donations for project completion.
The organizations are required to report quarterly to Lee County on project progress and performance. Lee County, the release states, will review and submit required quarterly and annual reports to the U.S. Treasury with information related to each project.
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