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.
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Votes
Approve consent calendar
7 to 0
Similar Discussions
5 related items found by meaning
Amend loan agreement to provide $5.8 million for public housing repairs
Approve $3 million in loans to RHA Housing Corporation for affordable housing projects
Authorize housing authority to apply for federal funding to renovate Richmond Village
Apply for federal program to convert Richmond Village public housing subsidies
Approve plan letting city charge Richmond Housing Authority for shared services
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