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August 31, 2017 City Council Regular Meeting | |
Title Motion to Adopt a Resolution Accepting a $5,000 Donation from South State Bank for the Savannah Affordable Housing Fund | |
Description Recommend approval of a resolution to accept a $5,000 donation from South State 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 South State 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 $5,000 contribution to the Savannah Affordable Housing Fund | |
Review Comments | |
Attachments South State Bank SAHF Donation Resolution.pdf |
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