File #: SR 24-0698   
Type: Resolution Status: Passed
Department: Child Support Services
Meeting Date: 4/23/2024
Legislative Title: Resolution approving a subordination agreement between the County of Nevada and Berkadia Commercial Mortgage, LLC, for the loan between the County of Nevada, in its capacity as the administrator of the Western Nevada County Regional Housing Trust Fund, and Affordable Housing Development Corporation through Nevada City Cashin’s Field, a Limited Partnership, for the amount of $1,575,000 used for construction of “Cashin’s Field,” a 51-unit low- income multi-family housing project, and authorizing the Chair of the Board of Supervisors to execute the agreement. (Housing)
Attachments: 1. RES 24-167 Approving a subordination agreement between the County of Nevada and Berkadia Commercial Mortgage, LLC for the Western Nevada County Regional Housing Trust Fund, 2. Staff Report - Cashin's Field subordination agreement, 3. Resolution- Cashin's Field subordination agreement, 4. Subordination Agreement $1,575,000 County Cashin Field 4.2.pdf, 5. Hyperlink

Title

Resolution approving a subordination agreement between the County of Nevada and Berkadia Commercial Mortgage, LLC, for the loan between the County of Nevada, in its capacity as the administrator of the Western Nevada County Regional Housing Trust Fund, and Affordable Housing Development Corporation through Nevada City Cashin’s Field, a Limited Partnership, for the amount of $1,575,000 used for construction of “Cashin’s Field,” a 51-unit low- income multi-family housing project, and authorizing the Chair of the Board of Supervisors to execute the agreement. (Housing)