TITLE
Recommendation to approve a loan of up to $850,000 in HOME funds to Immanuel Community Housing, L.P. to provide gap financing for the development of Immanuel Church into a 25-unit affordable senior rental project; authorize the President or designee to negotiate and enter into a Loan Agreement with Immanuel Community Housing, L.P.; and authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement.
SUGGESTED ACTION
Approve recommendation.