Prince George's County Council - Reference No. CR-079-2012

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Details

Reference No.

CR-079-2012 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 Partnership Rental Housing Program’s and Low Income Housing Tax Credits financing of the Cerrito Apartments, a project of LANDEX Development, LLC

Proposers/Sponsors:

Andrea C. Harrison, County Executive

Code sections:

None - None

Attachments:

1. ACTION SUMMARY T2012079, 2. R2012079.pdf

Contact:

LaKeecia 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 Partnership Rental Housing Program’s and Low Income Housing Tax Credits financing of the Cerrito Apartments, a project of LANDEX Development, LLC Background LANDEX is a developer of quality residential properties. LANDEX intends to construct 112 unit workforce housing development, Cerrito Apartments, in Oxon Hill, Maryland, a priority funding area. The development is projected to create numerous jobs and the employer intends to hire locally. Further, the project focuses on transforming the neighborhood and increasing job opportunities. LANDEX has applied with the Community Development Administration (“CDA”) for financing of the Project in the form of Partnership Rental Housing Program and Low-Income Housing Tax Credits. The State of Maryland requires local legislative support for participation in the Programs.

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