ha-columbiana-board-meeting-agenda-strategic-plan-federal-budget-updates-july-16-2024_698.md
Operating Loan Approved from CCHT for Insurance Escrow
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Description
The Columbia Housing Authority Board approved Resolution 2987, authorizing an operating loan from Columbia Community Housing Trust to the Bryant Walkway Development. The funds will be used to assist with insurance escrow payments resulting from higher premium costs and escrow increases for 2025 and 2026.
Contract Details
Vendor
COLUMBIA COMMUNITY HOUSING TRUST
Agency
Ha Columbiana, AL
Contract Type
FINANCIAL_SERVICES
Document Date
July 16, 2024
Renewal Info
Not specified if loan subject to renewal; initial approval covers insurance escrow expense as discussed. CHA staff rebidding insurance policies for competitive rates.
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