Approve $3 million in loans to RHA Housing Corporation for affordable housing projects
$3,000,000
In Plain English
The city will loan up to $3 million to RHA Housing Corporation to rehabilitate 2 affordable housing developments: Friendship Manor and Triangle Court. These loans support the federal Rental Assistance Demonstration program, which converts old public housing into modern affordable units. If approved, the city uses tax increment and federal HOME funds to finance the upgrades.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
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