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Title:
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Planning - Amend and Restate Subordination Agreement with the following entities: Yonkers Preservation LLC, Schlobohm Housing Development Fund Corporation, New York State Housing Finance Agency ("NYS HFA"), Municipal Housing Authority For The City of Yonkers, The Mulford Corporation and The Community Preservation Corporation in order to permit additional New York State Housing Finance Agency Subsidy Funds in the amount of $11,855,954 into Schlobohm Apartments, Schlobohm Homes (aka Palisades Towers) located at 1-8 Schroeder Street and 72 Palisade Avenue (Section 2, Block 2030 Lots 49, 50, 300, 325; Section 2 Block 2026 Lots 200, 225, 250 and Section 1 Block 157 Lot 3) in the City of Yonkers to increase the amount of subsidy funds being provided by NYS HFA, as well as increase the amount of a prior lien of which the County funding will be subordinate to in accordance with the program requirements and within the authority of the County's Capital Project BPL44.
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