Title:
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Recommendation to:
1. Approve a CDBG loan in the amount of $1.5 million to Century Affordable Development Inc. for the acquisition of 6801 Atlantic Avenue;
2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Century Affordable Development Inc.; and,
3. Authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement and the project.
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