File #: TMP-7809    Version: 1 Name:
Type: Resolution Status: Miscellaneous
File created: 8/9/2023 In control: Manager
On agenda: 8/22/2023 Final action:
Title: Recommendation to approve a resolution transferring Washoe County’s 2023 pro-rata share of the State of Nevada’s Private Activity Bonding Authority ($6,889,172.03) to the Director of the State of Nevada Department of Building and Industry to support the development of affordable housing projects, specifically the construction of a multifamily housing project of approximately 240 affordable housing units, with rent amount restricted to 60% of Area Median Income or below located off of Chocolate Drive in Sun Valley, Nevada, and to authorize the chair to sign the resolution. (APN: 502-250-09 and 502-250-10, Applicant: Pedcor Investments, LLC. Project property owner) Manager's Office. (All Commission Districts.) FOR POSSIBLE ACTION
Attachments: 1. Chocolate Drive PAB Staff Report_v2_Final, 2. Chocolate Drive Private Bond Activity Resolution FINAL, 3. TEB Request ltr, 4. Chocolate Drive Development Narrative
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Title

Recommendation to approve a resolution transferring Washoe County’s 2023 pro-rata share of the State of Nevada’s Private Activity Bonding Authority ($6,889,172.03) to the Director of the State of Nevada Department of Building and Industry to support the development of affordable housing projects, specifically the construction of a multifamily housing project of approximately 240 affordable housing units, with rent amount restricted to 60% of Area Median Income or below located off of Chocolate Drive in Sun Valley, Nevada, and to authorize the chair to sign the resolution. (APN: 502-250-09 and 502-250-10, Applicant: Pedcor Investments, LLC. Project property owner) Manager's Office. (All Commission Districts.) FOR POSSIBLE ACTION