Ordinance O2024-0012547
Passed
Restructuring of HOME loan agreement with Renaissance Saint Luke SLF LP for property at 1501 W Melrose St
Auto-generated summary
The City's Department of Housing has approved a restructuring of the project funded by the HOME Loan. This restructuring will not alter the principal balance or interest rate of the loan, but will require the borrower to pay accrued interest and restructure subsequent interest payments. It is part of the City's ongoing efforts to address the affordable housing shortage.
