Resolution No. TCFC-2025-08
To approve Phase I (228 units) of the COOP at Southpark Meadows Apartments project in collaboration with Urban Genesis, LLC (or an affiliate); authorize the execution of all necessary documentation, including a 75-year lease, development agreement, regulatory agreement, construction documents, and loan documents; authorize the purchase of the land for the project; authorize TCFC to serve as the general contractor; and approve related matters. The resolution specifies the project will include affordable housing units (30% at 80% AMI and 20% at 60% AMI) and outlines the fees TCFC will receive, including a closing fee, sales tax savings fee, annual rent, and a percentage of net proceeds upon sale or refinancing.
Projects
All projects referenced in this resolution.
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