File #: 16-4527   
Type: Consent Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 11/9/2022 Final action:
Title: Subordination of an Affordable Housing Loan for King's Ridge Apartments in Raleigh, NC
Attachments: 1. King's Ridge Subordination v.1.pdf, 2. CASA King's Ridge Term Sheet.pdf, 3. Draft Michael Smith Subordination Agreement.pdf
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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 to be located in Raleigh, NC, subject to terms and conditions acceptable to the County Attorney.