County of Westchester - File #: 110079

• File #: 110079
• Type: Resolution
• Status: Passed
• File created: 12/2/2024
• Meeting Body: Board of Acquisition and Contract
• On agenda: 12/5/2024
• Final action: 12/5/2024
• Title: Planning - Enter into a loan agreement with The Children's Village Inc., its successors and/or assign, whereby the County will loan an amount not to exceed $982,219 from the Westchester County Housing Flex Fund Program ("HFF Program") to be used towards the cost of construction related to adaptively reusing a vacant office building into twenty-two (22) units of affordable housing that will affirmatively further fair housing reserved for eligible households with incomes at or below 50% of AMI and up to 60% of AMI, to be located at 41 North Division Street in the City of Peekskill, commencing upon execution.

Date	Action By	Action	Result
12/5/2024	Board of Acquisition and Contract	approved	Pass

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Planning - Enter into a loan agreement with The Children’s Village Inc., its successors and/or assign, whereby the County will loan an amount not to exceed $982,219 from the Westchester County Housing Flex Fund Program (“HFF Program”) to be used towards the cost of construction related to adaptively reusing a vacant office building into twenty-two (22) units of affordable housing that will affirmatively further fair housing reserved for eligible households with incomes at or below 50% of AMI and up to 60% of AMI, to be located at 41 North Division Street in the City of Peekskill, commencing upon execution.

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B. Lopez