Title:
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RESOLUTION - MODIFICATION TO HOUSING AUTHORITY RESOLUTION NUMBER 1760, CONDITIONAL COMMITMENT OF LOAN FUNDS IN THE AMOUNT OF $1,073,583 TO PEP HOUSING FOR VIGIL LIGHT SENIOR APARTMENTS TO EXTEND THE DATE BY WHICH THE PROJECT MUST RECEIVE A TAX CREDIT AWARD
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, modify the terms of the $1,073,583 conditional commitment of loan funds to PEP Housing for Vigil Light Senior Apartments in Resolution Number 1760 to extend the date by which the project must receive a tax credit award to include the third round of applications in September 2023.
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Code sections:
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15061(b)(3) - General Rule Exemption, 15378 - Not a Project
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