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File #: 23-0267    Version: 1 Name:
Type: RESOLUTION Status: Agenda Ready
File created: 2/17/2023 In control: Community Redevelopment Agency
On agenda: 5/2/2023 Final action: 5/2/2023
Title: Resolution Approving a $2,000,000 Development Incentive Program Forgivable Loan to New Hope Development Corporation for the New Hope Affordable Housing Development Located at 1316 Sistrunk Boulevard, Authorizing the Executive Director to Execute Any and All Related Instruments, and Delegating Authority to the Executive Director to Take Certain Actions - (Commission District 3)
Sponsors: COMMUNITY REDEVELOPMENT AGENCY BOARD
Attachments: 1. CRA Board Memo 23-0267, 2. Exhibit 1 – Location Map, 3. Exhibit 2 – Application for Funding, 4. Exhibit 3 – Apartment Home Features, 5. Exhibit 4 – Project Plans and Illustrations, 6. Exhibit 5 – Letter of Interest to Fund – RidgeRock Asset Management Group, 7. Exhibit 6 – Project Budget/Sources and Uses/Proforma, 8. Exhibit 7 – February 14, 2023 NPF CRA Advisory Board Minutes, 9. Exhibit 8 – Letter of Intent, 10. Exhibit 9 – Resolution

Title

Resolution Approving a $2,000,000 Development Incentive Program Forgivable Loan to New Hope Development Corporation for the New Hope Affordable Housing Development Located at 1316 Sistrunk Boulevard, Authorizing the Executive Director to Execute Any and All Related Instruments, and Delegating Authority to the Executive Director to Take Certain Actions - (Commission District 3)