$225,000 SHOP Forgivable Loan Approved for Lakeland Project
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Description
The Housing Kitsap Board of Commissioners approved a resolution to apply for a $225,000 forgivable loan from Community Frameworks for the Lakeland mutual self-help housing project. The loan will be forgiven if all conditions are met after 10 years.
Contract Details
Contract Amount
$225,000
Vendor
COMMUNITY FRAMEWORKS
Agency
Kitsap county Consolidated Housing Auth, WA
Contract Type
FINANCIAL_SERVICES
Document Date
January 28, 2025
Contract Term
Forgivable after 10 years, provided loan conditions are met
Renewal Date
2035-01-28
Renewal Info
Loan is forgivable after 10 years, contingent on satisfaction of all loan agreement conditions.
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Issuing Agency
Local Housing Authority
Silverdale, WA
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