Issue link: https://newsleader.uberflip.com/i/235968
Sarasota News Leader January 3, 2014 for Proposals for housing authorities. The Sarasota Housing Authority placed second out of seven, qualifying it to receive the credits. But, problem: The Authority's application did not specifically identify the manager of the firm working with the Authority on the project. "This one staffer, who was responsible for looking at the corporate structure — she threw out five of the seven housing authorities," Russell says. He understands that it's important for the state to know all the key players in a deal, he adds, but to throw out Page 108 the whole application over that was "silly." So the Housing Authority appealed the decision, and on Oct. 1, it made its case in Tallahassee. Russell gets some very good news Oct. 25. "Assuming the [Florida Housing Finance Corp.] board accepts the hearing officer's recommended order (which is standard), Janie Poe III will FINALLY be awarded 9% tax credits and we can shortly begin developing the final phase of the Janie Poe redevelopment," Russell writes in an email to stakeholders. % The King Stone Townhomes is the most recent public housing project to open in Sarasota. A ribbon cutting was held in January. Photo by Norman Schimmel