Department: Community Development
Subject: Type of Action: Approval/Action
title
Resolution authorizing the Mayor to enter into an Agreement between the City of Huntsville and New Stone Commons LLC for the development of New Stone Commons with HOME Investment Partnerships Program-American Rescue Plan (HOME-ARP) funds.
Resolution No.
body
Finance Information:
Account Number: 515520
City Cost Amount: $0
Total Cost: $0
Special Circumstances:
Grant Funded: $2,303,834.90
Grant Title - CFDA or granting Agency: HUD - HOME - American Rescue Plan
Resolution #: N/A
Location: (list below)
Address: 3450 Venona Avenue NW, Huntsville, Alabama 35810
District: District 1 ☒ District 2 ☐ District 3 ☐ District 4 ☐ District 5 ☐
Additional Comments: Resolution authorizing the Mayor to enter into an Agreement between the City of Huntsville and New Stone Commons LLC for the development of New Stone Commons, a 42-unit affordable multi-family apartment property, with HOME Investment Partnerships Program-American Rescue Plan (HOME-ARP) funds in the amount of $2,303,834.90.