October 12, 2017 City Council Regular Meeting
Title
Motion to Adopt Resolution Accepting a $1,000 Donation from First Chatham Bank for the Savannah Affordable Housing Fund
Description

Recommend adoption of a resolution accepting a $1,000 donation from First Chatham 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 First Chatham Bank and other investors are used for administrative costs. The City's Housing Department and the non-profit, Community Housing Services Agency, Inc. (CHSA) oversee and administer the SAHF. 

Recommendation

Approval

Contact
Martin Fretty, Director, Housing Department, City of Savannah
Financial Impact
$1,000 contribution to the Savannah Affordable Housing Fund
Review Comments
Attachments
First Chatham Bank SAHF Donation Resolution 101217.pdf
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