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The Concord Housing Development Corporation voted 5-0 to approve a $350,000 working capital loan request to the CMAHT, structured at 0% interest for three years or until closing, whichever comes first.
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The approved funding is intended to support the corporation’s buy-down program. The loan will be finalized through a grant agreement and will not accrue interest. The minutes do not provide additional details about the property or households affected.
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