Board conditionally awards $4.56M in preconstruction and $205.33M in construction projects for FY27

Staff presented the FY27 competitive cycles and recommended conditional awards for preconstruction and construction funding. Allison Mitchell summarized the preconstruction results: "The staff recommended action is to conditionally award $4,565,051.50 to 11 qualifying pre construction project applications meeting threshold requirements and the minimum score of 65 out of 106 possible points pending financial underwriting." The board moved and approved the preconstruction awards.

For construction, staff recommended conditionally awarding $205,334,675.31 to 47 projects and asked the board to dedicate approximately $3.3 million in previously deobligated funds to the cycle. Members discussed demand (requests near $290M) and potential negative cashflow risks in 2028; the motions to dedicate deobligated funds and approve the conditional construction awards were moved, seconded and passed. Staff will notify awardees and begin contracting pending underwriting.