In a recent government meeting, officials discussed a critical opportunity for Manchester to enhance its affordable housing stock through the Low-Income Housing Tax Credit (LIHTC) program. The urgency of the situation was underscored by the approaching September 27 deadline for NeighborWorks to secure funding for a proposed project aimed at providing numerous new affordable housing units.

Mike Harrington highlighted the potential impact of the project, emphasizing that it could significantly benefit residents in need. However, the board faces a pressing decision, as the project requires the approval of the Board of Mayor and Aldermen to modify the existing master development agreement before any sale of property can occur.

Board members engaged in a detailed discussion about the current status of the project, noting that there is not yet a fully executed purchase and sales agreement for the lot. The approval process involves a sequence of steps, starting with the aldermen's agreement in principle, which is crucial for moving forward.

Steven Mino pointed out the \"chicken and egg\" nature of the approval process, suggesting that the planning board's support for the project could influence the aldermen's decision. The board's discussions reflect a collaborative effort to navigate the complexities of municipal agreements and funding timelines, with the goal of addressing the city's pressing need for affordable housing.