Meeting Time: September 16, 2024 at 6:00pm PDT
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Agenda Item

2. REQUEST FOR FINANCING COMMITMENT LETTER AND AUTHORIZATION TO ISSUE LOAN FROM THE AFFORDABLE HOUSING TRUST FUND IN THE AMOUNT OF $5,145,000 FOR ACQUISITION FINANCING AT 1238 AND 1244 N. LARRABEE DRIVE [S. Campbell, B. League, A. Bartle]: SUBJECT: The City Council will consider issuing a commitment letter and loan from the Affordable Housing Trust Fund to Linc Housing Corporation, a non-profit housing developer and operator, in the amount of $5,145,000 for acquisition financing at 1238 and 1244 N. Larrabee Drive.