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File #: RES 9973   
In control: City Council Regular Meeting
On agenda: 7/19/2021
Title: Resolution authorizing execution of a Recoverable Grant Agreement to provide the King County Housing Authority $4 million in 2021 from the City’s Housing Fund, G-109 Affordable Housing Contingency, BelRed affordable housing in-lieu fees, sales tax revenues specific to affordable housing, or a combination thereof as determined by staff, to contribute to the acquisition of the Illahee Apartments.
Attachments: 1. Agenda Memo, 2. A. Recoverable Grant Agreement, 3. B. Low Income Housing Covenant Agreement, 4. Resolution
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Title

Resolution authorizing execution of a Recoverable Grant Agreement to provide the King County Housing Authority $4 million in 2021 from the City’s Housing Fund, G-109 Affordable Housing Contingency, BelRed affordable housing in-lieu fees, sales tax revenues specific to affordable housing, or a combination thereof as determined by staff, to contribute to the acquisition of the Illahee Apartments.