Title
Affordable Housing Loan Lien Position Change for Madison Glen Apartments in Raleigh, NC
Recommended Action
That the Board of Commissioners:
1. Approves a lien position change for County debt in Madison Glen Apartments in Raleigh, NC; and
2. Authorizes the Chair to execute subordination agreements and all documents necessary to modify the Wake County loans.
All lien position changes and loan modifications are subject to terms and conditions acceptable to the County Attorney.