Reference No. CR-047-2024    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 7/16/2024
Introduced Date 5/28/2024 Public Hearing Date
Effective date: 7/16/2024    
Title: A RESOLUTION CONCERNING THE CASSIDY APARTMENTS BOND INDUCEMENT for the purpose of approving the issuance and sale of revenue bonds by the Housing Authority of Prince George’s County (the “Housing Authority”), the awarding of Low-Income Housing Tax Credits by the Community Development Administration (“CDA”) of the State of Maryland to KCG SSP Capital Heights, LP (the “Owner”), for the acquisition and development of the Cassidy Apartments and paying certain other costs associated therewith (collectively, the “Project”).
Proposers/Sponsors: County Executive, Jolene Ivey, Calvin S. Hawkins, Sydney J. Harrison, Wanika Fisher, Ingrid S. Watson, Wala Blegay
Attachments: 1. CR-047-2024 - signed, 2. CR-047-2024 Attachment A, 3. CR-047-2024 Summary, 4. CR-047-2024 Transmittal, 5. CR-047-2024 Report
Contact: Karanja Slaughter, Chief Real Estate Officer, Housing Authority of Prince George’s County

Title

A RESOLUTION CONCERNING THE CASSIDY APARTMENTS BOND INDUCEMENT for the purpose of approving the issuance and sale of revenue bonds by the Housing Authority of Prince George’s County (the “Housing Authority”), the awarding of Low-Income Housing Tax Credits by the Community Development Administration (“CDA”) of the State of Maryland to KCG SSP Capital Heights, LP (the “Owner”), for the acquisition and development of the Cassidy Apartments and paying certain other costs associated therewith (collectively, the “Project”).

 

Background

The Housing Authority of Prince George’s County seeks Council approval of the issuance and sale of revenue bonds by the Housing Authority of Prince George’s County (the “Housing Authority”), the awarding of Low-Income Housing Tax Credits by the Community Development Administration (“CDA”) of the State of Maryland to KCG SSP Capital Heights, LP (the “Owner”), for the acquisition and rehabilitation of The Cassidy Apartments and to pay certain other costs associated therewith (collectively, the “Project”).

 

 



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