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January 18, 2018 City Council Regular Meeting
Title
27. Motion to Adopt Resolution Accepting $5,000 Donation from Synovus Mortgage Corporation for the Savannah Affordable Housing Fund
Description

Recommend adoption of a resolution to accept a $5,000 donation from Synovus Mortgage Corporation for deposit into the Savannah Affordable Housing Fund (SAHF) to address local workforce and affordable housing needs.  None of the investments made into the SAHF by Synovus Mortgage Corporation and other investors are used for administrative costs.  The City's Housing & Neighborhood Services Department and the non-profit, Community Housing Services Agency, Inc. (CHSA), oversee and administer the SAHF.

Recommendation

Approval

Contact
Martin Fretty, Director, Housing & Neighborhood Services Department
Financial Impact
$5,000 contribution to the Savannah Affordable Housing Fund
Review Comments
Attachments
Synovus Mortgage Corporation SAHF Donation Resolution 011818.pdf
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