Department: Community Development
Subject: Type of Action: Approval/Action
title
Resolution authorizing the Mayor to commit HOME Investment Partnerships Program funds to Arbours at Moores Mill II, LLC to construct multi-family affordable rental housing for seniors 55 and older contingent upon receipt of an allocation of Low-Income Housing Tax Credits from the Alabama Housing Finance Authority.
Resolution No.
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Finance Information:
Account Number: 515520
City Cost Amount: $0
Total Cost: $0
Special Circumstances:
Grant Funded: $889,000.00
Grant Title - CFDA or granting Agency: HUD - HOME Investment Partnerships Program
Resolution #: N/A
Location: (list below)
Address: 100 Marcus Byers Drive NE
District: District 1 ☒ District 2 ☐ District 3 ☐ District 4 ☐ District 5 ☐
Additional Comments:
Resolution committing HOME Investment Partnerships Program funds to construct multi-family affordable rental housing for seniors 55 and older contingent upon receipt of an allocation of Low-Income Housing Tax Credits from the Alabama Housing Finance Authority by Arbours at Moores Mill II, LLC.