Item #129
Regular City Council Meeting
Mayor authorized to sign mortgage subordination for Southtown Court Apartments
Clears the path for financing of 60-unit affordable housing project. Subordination agreement allows the development loan to proceed without title complications.
Counterparty:
Alabama Multifamily Loan Consortium, Inc.
Funding source:
Unknown
Action type:
Resolution
passed
5–0
View vote history (1) ▾
- passed 9–0 Read minutes ↗