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Resolution No. SHFC-2025-21 [Not Discussed]

July 10, 2025

[Not Discussed] To approve a Memorandum of Understanding (MOU) with FRH Realty LLC, the prospective purchaser of the Cambridge Villas Apartments. This resolution authorizes the Executive Director to execute the MOU, which will outline the terms and conditions for the Corporation's continued participation in the ownership and operation of the development. This ongoing involvement is necessary to maintain the property's full ad valorem tax exemption following the sale, which was initiated at the direction of the Special Limited Partner.

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