Item #81
Regular City Council Meeting
City establishes $2.5M revolving loan fund for housing authority
$2,500
, Green tier (under $50,000)
City will provide emergency capital to the Housing Authority of the Birmingham District to support affordable housing operations and tenant services. Loan structure allows funds to be repaid and reused over time.
Counterparty:
Housing Authority of the Birmingham District (HABD)
Funding source:
General Fund
Action type:
Ordinance
passed
7–0