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File #: 110088   
Type: Resolution Status: Passed
File created: 12/4/2024 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 Elliott Avenue Housing Development Fund Corporation, its successors and/or assigns, whereby the County will loan an amount not to exceed $1,533,430 from the Westchester County Housing Flex Fund Program to be used towards the cost of construction related to rebuilding an affordable homeownership development that was destroyed by fire into nine (9) units of affordable housing that will affirmatively further fair housing reserved for eligible households with incomes at or below 65% of AMI, to be located at 81 Elliott Avenue in the City of Yonkers, commencing upon execution.
Attachments: 1. RESA110088.pdf

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Planning - Enter into a loan agreement with Elliott Avenue Housing Development Fund Corporation, its successors and/or assigns, whereby the County will loan an amount not to exceed $1,533,430 from the Westchester County Housing Flex Fund Program to be used towards the cost of construction related to rebuilding an affordable homeownership development that was destroyed by fire into nine (9) units of affordable housing that will affirmatively further fair housing reserved for eligible households with incomes at or below 65% of AMI, to be located at 81 Elliott Avenue in the City of Yonkers, commencing upon execution.

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B. Lopez