Legislation Details

File #: 16-5813   
Type: Consent Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 8/19/2024 Final action:
Title: Subordination of an Affordable Housing Loan for 601 Method Road in Raleigh, NC
Attachments: 1. Item Summary V.1.pdf, 2. DRAFT Subordination Agreement, 3. First Horizons Commitment Letter
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Subordination of an Affordable Housing Loan for 601 Method Road in Raleigh, NC

Recommended Action

That the Board of Commissioners approves a subordination request for 601 Method Road, an supportive housing development located in Raleigh, NC, subject to terms and conditions acceptable to the County Attorney.