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December 09, 2021 City Council Regular Meeting
Title
41. Approval of a Resolution Accepting a $5,000 Donation from Community Housing Services Agency, Inc. via South State Bank for the Savannah Affordable Housing Fund
Strategic Priority
Neighborhood Revitalization
Description

Recommend approval of a resolution to accept a $5,000 donation from Community Housing Services Agency, Inc. (CHSA), via South State Bank, for deposit into the Savannah Affordable Housing Fund (SAHF) to address local workforce and affordable housing needs. This is the sixth donation that South State Bank has invested into the SAHF, totaling $29,000. None of the investments made into the SAHF are used for administrative costs. The City of Savannah Housing and Neighborhood Services Department and CHSA, a non-profit housing corporation, oversee and administer the SAHF.

Recommendation

Approval

Contact
Martin Fretty, Director, Housing & Neighborhood Services
Financial Impact
$5,000 to the Savannah Affordable Housing Fund
Review Comments
Attachments
Exhibit 1: CHSA SSB SAHF Donation Resolution.pdf
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