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
Agenda Plus