Title:
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Recommendation to
1) Approve a HOME loan in the amount of $2,100,000 to Century Affordable Development, Inc. for the acquisition of the Beachwood Apartments located at 505 West 6th Street and 475 West 5th Street;
2) Authorize the President to negotiate an Affordable Housing Loan Agreement with Century Affordable Development; and,
3) Authorize the President to execute any and all documents necessary to implement the Loan Agreement and the project.
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