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Votes at a glance: IDA approves Courtyard Housing indenture amendment
Summary
The board approved an authorizing resolution to amend and reissue Courtyard Housing multifamily bonds by voice vote; motion was moved and seconded and approved without a roll-call tally in the transcript.
At the Feb. 25 meeting the Peekskill IDA approved an authorizing resolution to amend the indenture and reissue multifamily housing revenue bonds for Courtyard Housing. The Chair moved to approve the authorizing resolution and the motion was seconded; members approved the motion by voice vote with no roll-call tally recorded in the transcript.
The board discussed correcting a typographic error in the resolution and confirmed that the regulatory agreement governing the property requires affordability at 60% AMI. Staff indicated documentation for reissuance and required paperwork would be prepared and circulated in early April for any remaining procedural steps.
