Special Meeting Oct 1 2026 Part 2

At the City of Fayetteville, North Carolina, special meeting on October 1, 2026, council discussed a proposed affordable-housing project and the status of a previously approved property option. Officials said the earlier option had been terminated and was tied to securing site control for an application involving 4% tax credits and tax-exempt bonds. The discussion also covered HUD approval requirements for certain changes to the grant agreement and whether the project was needed to meet a $25 million leverage requirement; a speaker said the city would still meet that requirement without the project’s estimated contribution.

Council passed a motion, 6–4, directing the city attorney to prepare a new option for the Housing Authority on the same terms and conditions as the terminated option, with any differing terms to be brought back to council for direction. The transcript references a possible $2 million amount but does not establish it as part of the new option. No vendor selection or procurement contract award was identified.