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File #: 110054   
Type: Resolution Status: Passed
File created: 11/26/2024 Meeting Body: Board of Acquisition and Contract
On agenda: 12/12/2024 Final action: 12/12/2024
Title: Planning - Enter into a loan agreement with 438 Main Development LLC, its successors and/or assigns, whereby the County will loan an amount not to exceed $9,200,000 from the Westchester County Housing Flex Fund Program, to be used towards an affordable housing development that will affirmatively further fair housing with one-hundred fourteen (114) units reserved for eligible senior households aged 62 and over with incomes at or below 65% of AMI, to be located at 438 Main Street in the City of New Rochelle, commencing upon execution.
Attachments: 1. RESA110054.pdf

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Planning - Enter into a loan agreement with 438 Main Development LLC, its successors and/or assigns, whereby the County will loan an amount not to exceed $9,200,000 from the Westchester County Housing Flex Fund Program, to be used towards an affordable housing development that will affirmatively further fair housing with one-hundred fourteen (114) units reserved for eligible senior households aged 62 and over with incomes at or below 65% of AMI, to be located at 438 Main Street in the City of New Rochelle, commencing upon execution.

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B. Lopez