SUPPORTING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS - Re: Henderson Court Apartments, 2475 Winslow Court (Southport-Yarco, LLC, Petitioner)
This resolution approves a request by Southport-Yarco, LLC, or its subsidiary, for approximately $7,000,000 in multi- family housing revenue bonds for the acquisition and rehabilitation of Henderson Court Apartments, 2475 Winslow Court. Henderson Court will continue to house persons whose income is at or below 60% of the Area Median Income.