Extend $104,407 loan agreement with Richmond Neighborhood Housing Services

Housing & HomelessnessContracts

$104,406.94

In Plain English

The city previously loaned money to Richmond Neighborhood Housing Services for affordable housing projects. The original loan terms need updating with new payment schedules or conditions. If approved, the city maintains its financial partnership while adjusting how the loan gets repaid.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember WillisSeconded by: Vice Mayor Johnson III
Passed

7 to 0

Thomas K. ButtAye
Nathaniel BatesAye
Claudia JimenezAye
Eduardo MartinezAye
Gayle McLaughlinAye
Melvin WillisAye
Demnlus Johnson IIIAye