Authorize $1.9 million loan to RHA Housing Corporation for housing rehabilitation
$1,900,000
Resolution Resolution No. 76-15
In Plain English
The Richmond Housing Authority needs funding to renovate existing public housing under a federal program called RAD (Rental Assistance Demonstration). This loan helps finance repairs and improvements to keep units affordable for low-income residents. If approved, the city provides $1.9 million to support these rehabilitation projects.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
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