AN ORDINANCE relating to the financing of the Seattle Social Housing Developer; authorizing the Director of Finance to enter into a loan agreement with the Seattle Social Housing Developer; authorizing a loan of funds in an amount up to $2,000,000 from the General Fund as bridge financing to be repaid from future tax proceeds; and ratifying and confirming certain prior acts.

What this record is

Amount

$2.00M

Runs until

no end date published in this record

Type

contract

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

Committee

City Clerk

Requested by

CBO-OPI

Introduced

May 28, 2025

On agenda

July 8, 2025

Passed

July 10, 2025

Enacted

July 10, 2025

Enactment no.

Ord 127246

Where it was heard

City Council Jul 8, 2025 passed Pass Finance, Native Communities, and Tribal Governments Committee Jul 2, 2025 pass Pass