Department: Community Development
Subject: Type of Action: Approval/Action
title
Resolution authorizing the Mayor to enter into an Agreement between the City of Huntsville, Alabama and NCI Meridian, LLC, for the acquisition and redevelopment of Huntsville Summit Apartments to support the preservation of 100 affordable senior housing units serving very low-income households.
Resolution No.
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Finance Information:
Account Number: 515520
City Cost Amount: $0
Total Cost: $0
Special Circumstances:
Grant Funded: $4,730,000
Grant Title – CFDA or granting Agency: U.S. Department of the Treasury
Resolution #: N/A
Location: (list below)
Address: 111 Walker Ave NE, Huntsville, Alabama
District: District 1 ☐ District 2 ☐ District 3 ☐ District 4 ☒ District 5 ☐
Additional Comments:
The grant funds are from the U.S. Department of the Treasury under the Emergency Rental Assistance 2 Program authorized by the American Rescue Plan Act of 2021. Upon completion of the redevelopment, the project will be knows as Meridian Commons.