19/0273 - New Market Tax Credits

The contract is for a new market tax credits program with Classic Lake, LLC, with a term of one year and a cost of $246,750. The program is expected to have an impact on the Harris County community, aligning with the county's goals of economic opportunity and justice and safety. The contract has a renewal option and has been reviewed by the Harris County Purchasing Department and the Community Services Department. Key aspects of the contract include: • The contract term is from April 28, 2022, to April 27, 2023. • The contract amount is $246,750. • The contract has a renewal option. • The contract was reviewed by the Harris County Purchasing Department and the Community Services Department.