Reference No. CR-060-2022    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 6/28/2022
Introduced Date 5/17/2022 Public Hearing Date
Effective date: 6/28/2022    
Title: A RESOLUTION CONCERNING COTTAGE CITY TOWERS 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 Cottage City Towers Limited Partnership (the “Owner”), for the acquisition and rehabilitation of the Cottage City Towers Apartments and pay certain other costs associated therewith (collectively, the “Project”).
Proposers/Sponsors: County Executive, Calvin S. Hawkins, Rodney C. Streeter, Sydney J. Harrison, Jolene Ivey, Mel Franklin, Thomas E. Dernoga, Dannielle M. Glaros
Attachments: 1. R2022060, 2. CR-060-2022 Attachment, 3. CR-060-2022 AIS, 4. CR-060-2022 AIS, 5. CR-060-2022 Report, 6. CR-060-2022 PAFI, 7. CR-060-2022 Transmittal, 8. CR-060-2022 OOL Comment, 9. Cottage City Bond Presentation
Contact: Jose C. Sousa, DCAO for Economic Development

Title

A RESOLUTION CONCERNING COTTAGE CITY TOWERS 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 Cottage City Towers Limited Partnership (the “Owner”), for the acquisition and rehabilitation of the Cottage City Towers Apartments and pay certain other costs associated therewith (collectively, the “Project”).

 

Background

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 Cottage City Towers Limited Partnership (the “Owner”), for the acquisition and rehabilitation of the Cottage City Towers Apartments and pay certain other costs associated therewith (collectively, the “Project”).



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