Recommend approval of a resolution accepting a $2,500 donation from Community Housing Services Agency, Inc. for deposit into the Savannah Affordable Housing Solutions Fund (SAHSF) to address local workforce and affordable housing needs. None of the investments made into the SAHSF by Community Housing Services Agency, Inc. and other investors are used for administrative costs. The City's Housing & Neighborhood Services Department and the nonprofit Community Housing Services Agency, Inc. (CHSA), oversee and administer the SAHSF.

This is the second year CHSA has supported the SAHSF for the purpose of helping low-income homeowners living in Savannah's 2nd District pay for minor property improvements.  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.

Approval