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Amends an existing loan agreement with Lincoln Housing Partners for the project at 501 Lincoln. (BUSINESS, WORKFORCE & SUSTAINABILITY) Amends the $750,000 loan of HOME Funds for construction of 75 units of affordable housing at 5th Ave. and Lincoln, to convert th loan from an amortizing loan to HUD’s required surplus cash note. The Committee approved filing this bill at its meeting on 8-3-11.
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