07:52In addition to the housing discussion, the committee revisited the allocation of blended fund money initially earmarked for school projects. The CPC initially allocated $160,000 from school funds to pay for a track project, but this allocation was no longer feasible due to restrictions on transferring funds out of the school system. As a result, the finance committee identified an additional $307,346 to support various community projects. This amount has been reallocated across housing resources, open space, historical resources, recreation reserves, and administrative expenses. The committee conducted a formal vote to rescind the previous allocation and approve the new distribution of funds.

03:56The meeting also touched on new affordable housing limits published by the coalition, affecting applications for exemptions based on income thresholds. These thresholds are based on the Department of Housing and Urban Development’s area-wide median incomes. Additionally, there was a discussion about tightening the submission criteria for future project applications to ensure detailed and comprehensive proposals, particularly for larger projects.