Reference No. CR-078-2012    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 10/16/2012
Introduced Date 10/16/2012 Public Hearing Date
Effective date: 10/16/2012    
Title: A Resolution for the purpose of supporting the Multi-Family Bonds and Low Income Housing Tax Credits financing of the Overlook Apartments, a project of S.J. Ross Associates Inc
Proposers/Sponsors: Andrea C. Harrison, Derrick Leon Davis, Mel Franklin, Obie Patterson, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY T2012078, 2. R2012078.pdf
Contact: LaKeecia R. Allen Office of Law
Title A Resolution for the purpose of supporting the Multi-Family Bonds and Low Income Housing Tax Credits financing of the Overlook Apartments, a project of S.J. Ross Associates Inc Background S. .J Ross Associates, Inc. is a private real estate company. S J Ross Associates, Inc. proposes to make substantive improvements to the Overlook Apartments, which is located at1507 Ray Road, Hyattsville, Maryland, 20782. S J Ross Associates, Inc. will hire local businesses and incorporate “green elements” into the rehabilitation of Overlook Apartments. Further, the project will focus on neighborhood revitalization and boost property values. S. J. Ross is applying for financing from Community Development Administration (“CDA”) of the Maryland Department of Housing and Community Development, specifically for Multi-Family Housing Revenue Bond Financing funds and Low-Income Housing Tax Credits in the approximate, which requires a local resolution of support.



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