Item #35
Regular City Council Meeting
Housing Reinvestment Corporation replaces NCRC in redevelopment agreement
Changes the developer responsible for housing rehabilitation under a city redevelopment deal. The shift from NCRC to its subsidiary HRCA may affect how projects are financed and managed, though day-to-day neighborhood impact depends on implementation.
Counterparty:
Housing Reinvestment Corporation of America (HRCA)
Funding source:
Unknown
Action type:
Ordinance
passed
9–0