Prince George's County Council - Reference No. CR-060-2022

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Details

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

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
6/28/2022	1	County Council	adopted	Pass	Action details	Meeting details	Video
6/9/2022	1	Government Operations and Fiscal Policy Committee	Favorably recommended	Pass	Action details	Meeting details	Video
5/17/2022	1	County Council	introduced and referred		Action details	Meeting details	Video

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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