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Loan Subordination Agreementapproved

redding_city_council_regular_meeting_minutes_april.pdf

Agreement to support Rescue Mission project

$500,000HOUSING AUTHORITY OF THE city OF REDDINGGOOD NEWS RESCUE MISSIONApril 15, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

City of Redding approves a Subordination Agreement with The Good News Rescue Mission for $500,000. This authorizes the City of Redding's $3,000,000 loan to be in second position for the Good News Rescue Mission's Day Resource Center Project.

Contract Details

Contract Amount

$500,000

Vendor

GOOD NEWS RESCUE MISSION

Agency

HOUSING AUTHORITY OF THE city OF REDDING, CA

Contract Type

Loan Subordination Agreement

Document Date

April 15, 2025

Contract Term

NA

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