Recommend approval to adopt a resolution accepting a $15,000 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.

Over the last eight years, the locally controlled public and private investments into the Savannah Affordable Housing 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 Fund has provided $16.4 million of assistance to local families seeking better housing including fulfilling the American dream of owning and maintaining a home. A motion to formally accept this donation appears on the consent agenda.

Approval