Previous Item Print Next Item

January 18, 2018 City Council Regular Meeting
Title
28. Motion to Adopt Resolution Accepting $20,000 Donation from BB&T Bank for the Savannah Affordable Housing Fund
Description

Recommend adoption of a resolution to accept a $20,000 donation from BB&T Bank 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 BB&T 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
$20,000 contribution to the Savannah Affordable Housing Fund
Review Comments
Attachments
BB&T Bank SAHF Donation Resolution 011818.pdf
Agenda Plus