City Council Housing Committee Meeting Minutes March 10 2026
Bond inducement proposed for Woda Cooper project
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Description
The City Council is considering a Bond Inducement Resolution for $6.5 million in tax-exempt bonds to support Woda Cooper's Cascade Ridge 4% LIHTC affordable housing project. The City would serve as a conduit issuer, with Woda Cooper repaying the bonds from project rental income.
Contract Details
Contract Amount
$6.5 million (tax-exempt bonds)
Vendor
WODA COOPER
Agency
City of Brevard, NC
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Renewal Info
Initial bond inducement resolution tied to 4% LIHTC award; if awarded, bond inducement returns to Council in August 2026 for public hearing and final action.
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