13 State Street LLC 2025

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The document is a commitment letter from the Housing Trust Fund Corporation (HTFC) to 13 State Street LLC, approving a loan of $6,325,000 under the Community Development Block Grant Disaster Recovery (CDBG-DR) program for the rehabilitation of the former Schenectady YMCA into affordable housing. The letter outlines the terms and conditions of the loan, including compliance with various regulations, project requirements, and minority/women-owned business participation goals. It also details the project's financing structure and stipulates that satisfaction of all conditions is necessary for funding.

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