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January 14, 2021 City Council Meeting
Title
5. Approval of a Resolution Accepting a $3,000 Donation from Community Housing Services Agency, Inc. via South State Bank for the Savannah Affordable Housing Fund
Strategic Priority
Neighborhood Revitalization
Description

Recommend approval of a resolution to accept a $3,000 donation from Community Housing Services Agency, Inc. (CHSA), via South State Bank, for deposit into the Savannah Affordable Housing Fund (SAHF) to address local workforce and affordable housing needs.  This is the fifth donation that South State Bank has invested into the SAHF, totaling $24,000.

None of the investments made into the SAHF are used for administrative costs.  The City of Savannah Housing and Neighborhood Services Department and CHSA, a non-profit housing corporation, oversee and administer the SAHF.

Recommendation

Approval

Contact
Martin Fretty, Housing & Neighborhood Services Department Director
Financial Impact
$3,000to Savannah Affordable Housing Fund
Review Comments
Attachments
Exhibit 1: Donation Resolution CHSA.pdf
Agenda Plus