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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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