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Title:
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Resolution retroactively approving and authorizing the Mayor and the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute a grant agreement with Ambassador Ritz Four Percent, LP in an amount not to exceed $4,493,845 for a term of 16 years and six months, from July 1, 2026, through January 1, 2043, to provide project-based rental subsidies for a 55-unit 100% affordable housing project housing extremely low-income households; approving the form of and authorizing the execution of the grant agreement; and granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein.
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Attachments:
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1. Leg Ver1, 2. DRAFT Grant Agmt, 3. CAHLC Memo 062626, 4. MYR Memo 072126, 5. Form 126, 6. MOHCD Presentation 090226, 7. BLA Rpt 090226, 8. Cmte Pkt 090226, 9. Leg Ver2, 10. Board Pkt 091526, 11. Leg Final, 12. Form 126 Final
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