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|February 28, 2019, City Council Regular Meeting|
6. Recognition of a $2,500 Donation by the Community Housing Services Agency, Inc. to the Savannah Affordable Housing Solutions Fund
Community Housing Services Agency, Inc. (CHSA) officials are donating $2,500 to the Savannah Affordable Housing Solutions Fund (SAHSF). This is the second year these funds were provided to CHSA for deposit into the SAHSF for the purpose of helping low-income homeowners living in Savannah's 2nd District pay for minor property improvements. None of the investments made into the SAHSF are used for administrative costs. CHSA, with assistance from the City's Housing & Neighborhood Services Department, oversees the implementation of SAHSF initiatives.
Over the last seven years, the locally controlled public and private investments into the Savannah Affordable Housing Solutions Fund have helped to leverage additional resources into our community. This Public/Private Partnership serves as an exemplary model for other financial institutions in Savannah. Since 2012, the Savannah Affordable Housing Solutions Fund has provided $13.9 million of assistance to local families seeking to fulfill the American dream of owning and maintaining a home. A motion to formally accept this donation appears in the resolution section of the agenda.
Martin Fretty, Director of Housing & Neighborhood Services
$2,500 donation to the Savannah Affordable Housing Solutions Fund
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