Title:
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Approve and authorize the Chairman to execute the Interlocal Agreement between Osceola County Housing Finance Authority (“OCHFA”) and Seminole County for the San Jose Apartments Project, a multifamily affordable housing project located in Winter Park, Seminole County, Florida. Countywide (Kate Latorre, County Attorney)
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Division:
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County Attorney Office
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Authorized By:
Kate Latorre, County Attorney
Contact/Phone Number:
Kate Latorre/407-665-8104
Background:
The OCHFA received an application from San Jose Preservation, Ltd. a Florida limited partnership, requesting the OCHFA to issue revenue bonds and loan the proceeds to the Borrower to finance the rehabilitation costs of a multifamily residential housing project known as San Jose Apartments, consisting of 121 units located in Winter Park, Seminole County, Florida. OCHFA needs an executed ILA to hold the required TERFRA hearing and to otherwise operate in Seminole County for this transaction.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute the Interlocal Agreement for the San Jose Apartments Project.