26-081
Adopt a resolution authorizing the Director of the Department of Housing, or designee to: A) Make an advanced payment of up to $1,369,072.28 from Community Development Block Grant (CDGB) funds to the Bank of New York in early repayment of the Section 108 loan guaranteed by the U.S. Department of Housing and Urban Development (HUD), which was utilized for the construction of Trestle Glen Apartments; and B) Provide such additional information to the Bank of New York and HUD, and to execute such additional documentation, as may be required to confirm satisfaction of the Section 108 Loan.
- Committee
- HOUSING
- Requested by
- HOUSING
- Introduced
- December 30, 2025
- On agenda
- January 27, 2026
- Passed
- January 27, 2026
- Enacted
- January 27, 2026
- Enactment no.
- Resolution-081653