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File #: 23-0302    Version: 1 Name:
Type: Resolution Status: General Agenda
File created: 8/30/2023 In control: City Council
On agenda: 9/18/2023 Final action:
Title: Consideration of Items Regarding Permanent Financing for 216-unit multifamily Rental Development known as The Lofts at Motor Road - Wynnefield Properties, Inc. - $6,579,000 (Northeast Ward) Resolution authorizing permanent financing and conveyance of a City-owned lot, near the intersection of Motor Rd and Old Walkertown Rd. to Wynnefield Properties, Inc. for the purpose of increasing the supply of affordable housing for low- and moderate-income persons by development of 216 affordable rental units known as The Lofts at Motor Road, in the Northeast Ward, as permitted by S.L. 2021-44; S.B.145 and N.C.G.S. § 157-3(12) Ordinance Amending the Project Budget Ordinance for the City of Winston-Salem, North Carolina for the Fiscal Year 2023-2024
Attachments: 1. CARF - Lofts at Motor Road, 2. RES - Lofts at Motor Road, 3. PBO - The Lofts at Motor Road, 4. Exhibit A, 5. Exhibit B