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
Close the public hearing
Adopt Resolution No. 60-14
7 to 0
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