Amend loan agreement to provide $5.8 million for public housing repairs
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.
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Votes
Motion · Official minutes
Adopt Resolution No. 40-15
Related agenda records
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Loan agreements between City and RHA Housing Corporation
Loan documents with RHA Housing Corporation
Richmond Housing Authority (RHA) Cost Allocation Plan Approval
Richmond Housing Authority (RHA) Cost Allocation Plan Approval
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