File #: 25-3015    Version: 1
Status: Agenda Ready
File created: 8/25/2025 In control: City Council
On agenda: 9/16/2025
Title: American Rescue Plan Act Loan Agreement with Riverside Housing Development Corporation for $644,384.65 in Emergency Rental Assistance Round 2 grant funds to rehabilitate the 51-unit Oaktree Apartments including 25 American Rescue Plan Act-restricted units - 1946 Seventh Street (Ward 1)
Attachments: 1. Report, 2. Loan Agreement, 3. Site Plan, 4. Legal Description, 5. Project Description, 6. Schedule of Performance, 7. Project Budget, 8. ARPA Promissory Note, 9. ARPA Deed of Trust, 10. ARPA Regulatory Agreement, 11. Request for Notice of Default, 12. Release of Construction Covenants, 13. Home Documentation and Monitoring Requirements, 14. Annual Tenant Certification Report, 15. Addendum to American Rescue Plan Act Agreement