ID 25-361
Actions pertaining to the substantial rehabilitation of the former Parkside Inn Motel site, located at 1075 N. Warren Avenue, into a 63-unit affordable multifamily housing project (District 3): 1. Approve a First Amendment to the Community Development Block Grant (CDBG) Agreement - Exhibit B: II Project Schedule, with Silvercrest, Inc. (Silvercrest), to extend the Commencement of Construction, Completion of Construction, and Lease Up Schedule dates; and 2. ***RESOLUTION - To support Silvercrest, Inc. Non-Profit Public Benefit Corporation’s Low-Income Housing Tax Credit (LIHTC) application and/or Homekey+ application for the substantial rehabilitation of the Parkside Inn Motel site; and provide a conditional commitment of available housing loan funding to the project in an amount not to exceed $3,858,000 for eligible rehabilitation costs (Subject to Mayor’s Veto).
What this record is
- Held by
- Silvercrest, Inc 2 records across this site
- Amount
- $3.86M
- Runs until
- no end date published in this record
- Type
- amendment
- Field
- Construction
Read automatically from the title of the official record. The source document below is authoritative.
Silvercrest, Inc also holds
Actions pertaining to the conversion of the former Parkside Inn Motel into a 38-unit residential affordable housing project, located at 1415 W. Olive …- Committee
- City Council
- Requested by
- Planning and Development Department
- Introduced
- March 6, 2025
- On agenda
- March 27, 2025
- Passed
- March 27, 2025