CONSIDER ADOPTING RESOLUTION, AS HOUSING SUCCESSOR: (1) APPROVING AND AUTHORIZING AN EXTENSION OF THE EXISTING LOAN TO GIANT DEVELOPMENT, L.P., FOR THE GIANT ROAD APARTMENTS IN CONNECTION WITH OBTAINING A NEW FEDERAL LOW INCOME HOUSING TAX CREDIT AND ASSOCIATED FUNDING FOR THE PROJECT; (2) AUTHORIZING GIANT DEVELOPMENT II, LLC TO SERVE AS THE NEW GENERAL PARTNER TO THE LIMITED PARTNERSHIP; AND (3) AUTHORIZING THE CITY MANAGER TO EXECUTE A LOAN COMMITMENT LETTER AND OTHER DOCUMENTS RELATED TO THE EXTENSION OF THE LOAN CEQA: This is not a project as defined by CEQA

Committee

City Council

Introduced

August 16, 2023

On agenda

September 5, 2023