Hold public hearing on $57 million tax-exempt bonds for Westridge at Hilltop affordable housing
In Plain English
The California Municipal Finance Authority wants to issue $57 million in tax-exempt bonds to help finance improvements at Westridge at Hilltop affordable housing complex. Richmond must hold this public hearing because the project is within city limits, even though the city is not issuing the bonds itself. Federal law requires cities to allow public comment before tax-exempt bonds can be issued for projects in their jurisdiction.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 60-14
7 to 0
Why This Vote Matters
Richmond unanimously approved a resolution allowing the California Municipal Finance Authority to issue $57 million in tax-exempt bonds for improvements at the Westridge at Hilltop affordable housing complex. The city was required by federal law to hold this public hearing and allow comment before the bonds could be issued, even though Richmond is not issuing the bonds itself. This procedural vote enables the financing to move forward for upgrades to the existing affordable housing development. The approval continues the council's pattern of broad support for housing measures across most members.
Auto-generated context. Source: official meeting records.
Other motions
Close the public hearing
PassedSimilar Discussions
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The Story So Far
3 prior discussions on this topic
Explore Regional Partnerships and "Piggyback" Contracting Opportunities for a July 3rd Drone Light Show at Hilltop Mall
Preliminary Engineer’s Report and Intent to Levy Assessments for Hilltop Landscape Maintenance District (HLMD) for Fiscal Year (FY) 2026-27
Order preparation of annual report for Hilltop landscaping costs
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