Support county bonds to finance Nevin Avenue housing development

Nevin Avenue DevelopmentGovernance<UNKNOWN>

Resolution 26-16

In Plain English

The city formally backs Contra Costa County's plan to issue tax-exempt bonds for a housing project at 21 and 23 Nevin Avenue. Richmond already approved this development. The county bonds help developers access cheaper financing, which can reduce construction costs and make housing more affordable.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: McLaughlinSeconded by: Beckles
Passed

6 to 0

McLaughlinAye
MartinezAye
BecklesAye
BatesAye
MyrickAbsent
ButtAye
PimpléAye