File #: 16-4364   
Type: Consent Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 9/6/2022 Final action:
Title: Subordination of an Affordable Housing Loan for Silver Spring Apartments in Zebulon, NC
Attachments: 1. Silver Spring Subordination v.1.pdf, 2. Draft Subordination Agreement, 3. Commitment Letter.pdf
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Title

Subordination of an Affordable Housing Loan for Silver Spring Apartments in Zebulon, NC

Recommended Action

That the Board of Commissioners approves a subordination request for Silver Spring Apartments, an affordable rental development located in Zebulon, NC, subject to terms and conditions acceptable to the County Attorney.