A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF HALLANDALE BEACH, FLORIDA, APPROVING A LOAN TO PINNACLE AT AUDUBON PLACE, LLLP, A FLORIDA LIMITED LIABILITY LIMITED PARTNERSHIP AND/OR ITS AFFILIATES, CONTINGENT UPON AN AWARD OF LOW INCOME HOUSING TAX CREDITS FROM THE FLORIDA HOUSING FINANCE CORPORATION, IN THE AMOUNT OF SIX HUNDRED FORTY THOUSAND AND NO/100 DOLLARS ($640,000.00) FOR DEVELOPMENT OF AN AFFORDABLE HOUSING DEVELOPMENT FOR SENIORS,; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL LOAN INSTRUMENTS AND NECESSARY DOCUMENTS RELATED TO THE LOAN; DELEGATING AUTHORITY TO THE CITY MANAGER TO TAKE CERTAIN ACTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. (STAFF: SUSTAINABLE DEVELOPMENT DIRECTOR)

What this record is

Amount

$640K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

award

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Commission

Requested by

Sustainable Development Department

Introduced

August 21, 2025

On agenda

September 29, 2025

Where it was heard

City Commission Sep 29, 2025

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