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Title:
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Amends a $2 million loan to St. Charles Holding Company, LLC to 1) assign the loan to a new borrower, Morrison Road, LLLP, 2) assign property to Morrison Road, LLLP, 3) authorize the Director of the Office of Economic Development to administer the loan, 4) extend the performance period of the loan for the property acquisition and future development of 197 affordable income-restricted units at 4325-4331 Morrison Road and 4404 Morrison Road, formerly known as the Belmont and Shady Nook trailer parks (2793-01).
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