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File #: 19-540    Version: 1 Name: Mortgage Renewals - Parkview & Carey Lane
Type: Action Report Status: Carried
File created: 5/22/2019 In control: Hospitals and Housing Committee
On agenda: 6/5/2019 Final action: 6/12/2019
Title: Mortgage Renewals - Parkview and Carey Lane
Attachments: 1. Staff Report: Mortgage Renewals - Parkview & Carey Lane

Title

Mortgage Renewals - Parkview and Carey Lane

 

Recommendation

That the Hospitals and Housing Committee recommends to the Capital Region Housing Corporation Board:

 

a)                     That the resolution required by BC Housing Management Commission to renew the mortgages for Parkview and Carey Lane through the Canada Mortgage and Housing Corporation Direct Lending Program for a term not to exceed the expiry of the existing operating agreement be approved; and

 

b)                     That the Chief Administrative Officer and Chief Financial Officer be authorized to sign any documents related to the mortgage renewals.