Approval of $1.05 Million Funding for Riverbend Landings Affordable Housing Project

Original title: Approve and authorize the Chairman to execute the State Housing Initiatives Partnership (SHIP) and HOME Investment Partnership Program Funding Agreement with Riverbend Landings Partners, Ltd. (Owner) and Riverbend Landings II Partners, Ltd. (Developer), with $1,000,000 funded by SHIP and $50,000 funded by HOME for the development of Riverbend Landings Apartments for the construction of a 146-unit affordable housing rental development and all subsequent documents and revisions. District5 - Herr (Allison Thall, Community Services Director)

Record date · January 27, 2026

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What This Bill Does

The Board of County Commissioners has approved a funding agreement to support the construction of the 146-unit Riverbend Landings apartment complex. The project will receive $1,000,000 from the State Housing Initiatives Partnership (SHIP) and $50,000 from the .

Why it matters

This action authorizes the release of $1,050,000 in public funds to private entities for the development of 146 units of affordable rental housing in District 5.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Riverbend Landings Partners, Ltd.

As the owner, they are entering into a funding agreement to receive $1,050,000 for the development of the apartment complex.

Directly affected

Riverbend Landings II Partners, Ltd.

As the developer, they are responsible for the construction of the 146-unit project funded by the agreement.

Directly affected

District 5 Residents

Residents in the district will see the construction of 146 new affordable rental units.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the total amount of public funding for this project?

The project is receiving a total of $1,050,000 in public funding ($1,000,000 from SHIP and $50,000 from HOME).

How many housing units will be built?

The project includes the construction of 146 affordable rental housing units.

What else do you want to know?

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Full breakdown

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Related Legislation

Meeting94% related

Seminole County Board of Commissioners Meeting Minutes (Jan 27, 2026)

The Seminole County Board of Commissioners approved various administrative items, including a $1 million housing grant, drainage improvement contracts