Amend loan agreement to provide $5.8 million for public housing repairs

Police & Community SafetyHousingResolution

In Plain English

The city previously loaned money to RHA Housing Corporation for affordable housing projects. RHA now needs to rehabilitate 2 public housing sites under a federal program called Rental Assistance Demonstration. If approved, the city modifies existing loan terms to allow up to $5.8 million for repairs at Friendship Manor and Triangle Court.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt Resolution No. 40-15

Passed