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Hennepin County consolidates old loans and extends terms for Tasks Unlimited properties
Summary
The Administration committee approved an amendment consolidating four earlier county loans to Tasks Unlimited, extending loan terms and increasing the county's not-to-exceed amount for capital loans used to acquire and rehabilitate supportive housing properties.
Hennepin County's Administration, Operations and Budget Committee approved a negotiated amendment consolidating four earlier county home loans to Tasks Unlimited Lodges, extending the loan term and raising the county's not-to-exceed amount for the capital loans.
Julia Welly Ayers of Housing and Economic Development summarized the item, saying the county originally provided the four loans in the 1990s and that the loans supported acquisition and rehabilitation…
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