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File #: 16-5750   
Type: Consent Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 7/8/2024 Final action:
Title: Subordination of an Affordable Housing Loan for King’s Ridge Apartments in Raleigh, NC
Attachments: 1. Agenda Item.pdf, 2. NSBSubAgmt-2024.06.20.pdf, 3. North State Bank Commitment Letter.pdf
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Subordination of an Affordable Housing Loan for King’s Ridge Apartments in Raleigh, NC

Recommended Action

That the Board of Commissioners approves a subordination request for King’s Ridge Apartments an affordable rental development located in Raleigh, NC, subject to terms and conditions acceptable to the County Attorney.