Title
Consider recommendations regarding the Subordination of existing HOME loan for College Park Apartments, Fourth District, as follows:
a) Approve the subordination of the County's existing $2,085,466 loan to the Montecito Bank and Trust loan for the College Park project;
b) Approve an amendment to the existing County loan to correct the construction start date; and
c) Authorize the Interim Director of Housing and Community Development to execute the subordination agreements.
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