Authorize $1.9 million loan to RHA Housing Corporation for housing rehabilitation
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
Motion · Official minutes
Approve consent calendar
7 aye · 0 nay
Related agenda records
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RHA Housing Corporation Loan Amendment
Loan agreements between City and RHA Housing Corporation
Rental Assistance Demonstration (RAD) Program Application for Richmond Village.
Rental Assistance Demonstration (RAD) Program Application for Richmond Village.
Richmond Housing Authority (RHA) Cost Allocation Plan Approval