County of Westchester - File #: 111447

• File #: 111447
• Type: Resolution
• Status: Passed
• File created: 7/11/2025
• Meeting Body: Board of Acquisition and Contract
• On agenda: 7/17/2025
• Final action: 7/17/2025
• Title: Planning - Amend a 11/27/24 Resolution to enter into a loan agreement with Wartburg Home of the Evangelical Lutheran Church, its successors and/or assigns, or any entity created to carry out and fund the purposes of the proposed transaction in an amount not to exceed $8,240,000 in loan funds from the County Housing Flex Fund ("HFF") Program, is hereby amended in order to amend the length of the permanent loan term to meet the requirements of the subsidy lender from a thirty (30) year term to a forty (40) year term with a construction period of three (3) years so that the HFF loan term will be forty-three (43) years.

Date	Action By	Action	Result
7/17/2025	Board of Acquisition and Contract	approved	Pass

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Planning - Amend a 11/27/24 Resolution to enter into a loan agreement with Wartburg Home of the Evangelical Lutheran Church, its successors and/or assigns, or any entity created to carry out and fund the purposes of the proposed transaction  in an amount not to exceed $8,240,000 in loan funds from the County Housing Flex Fund (“HFF”) Program, is hereby amended in order to amend the length of the permanent loan term to meet the requirements of the subsidy lender from a thirty (30) year term to a forty (40) year term with a construction period of three (3) years so that the HFF loan term will be forty-three (43) years.

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B. Lopez