Prince George's County Council - Reference No. CR-078-2012

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Details

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

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
10/16/2012	1	County Council	adopted	Pass	Action details	Meeting details	Not available
10/16/2012		County Council	introduced		Action details	Meeting details	Not available
10/16/2012		County Council	effective		Action details	Meeting details	Not available

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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