Documents

/

Resolution No. SHFC-2024-51 Branchview

October 17, 2024

To authorize the issuance and sale of up to $50,000,000 in Multifamily Housing Revenue Bonds (Branchview Apartments) to finance the acquisition, construction, equipping, and financing of the Branchview Apartments project; approve the form and substance of the Agreement to Issue Bonds; authorize the filing of an application for bond allocation; authorize participation in the project's financing and development, including acting as the sole member of the general partner and participating in the application for low-income housing tax credits; authorize the formation of an additional limited liability company to own the project's property; and outline other related provisions, as described in the resolution and agreement. This includes declaring the project's public purpose, authorizing the execution of necessary documents, and reserving the right not to issue the bonds. The agreement also details indemnification and hold harmless provisions for the Corporation and related parties.

View ↗

Open or download this document.