3606 S Cockrell Hill Rd, Ltd.

Authorizes the City Manager to negotiate and execute a development loan agreement up to $5,000,000 with 3606 S Cockrell Hill Rd, Ltd. (an affiliate of Palladium USA International) using HOME Investment Partnerships Program funds for a 120-unit multifamily senior housing complex at 3606 and 3626 South Cockrell Hill Road.

Authorize the City Manager to negotiate and execute a development loan agreement and security documents with 3606 S Cockrell Hill Rd, Ltd., an affiliate of Palladium USA International, Inc. (Applicant

Briefing on an upcoming City Council item to authorize a development loan agreement with 3606 S Cockrell Hill Rd, Ltd. (an affiliate of Palladium USA, Inc.) for a 200-unit multifamily senior housing complex, conditioned on the applicant receiving a 9% Housing Tax Credit award.

Upcoming City Council Agenda Item: Authorize the City Manager to negotiate and execute a development loan agreement and security documents with 3606 S Cockrell Hill Rd, Ltd., an affiliate of Palladium