Approve $18 million bond financing to rehabilitate 156 affordable housing units
In Plain English
The Richmond Housing Authority wants to issue tax-exempt bonds to pay for major repairs at 2 affordable housing complexes. Friendship Manor and Triangle Court together house 156 low-income families. If approved, the city gives formal approval for the bond sale, which helps the housing authority access lower interest rates.
Auto-generated summary. Source: official agenda documents.
Votes
close the public hearing
Passedadopt Resolution No. 1-15
PassedCommunity Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Issue $48 million in revenue bonds for 150-unit senior affordable housing project
Approve $4 million Richmond Housing Authority budget with $1.1 million city subsidy
Buy Richmond Housing Authority building for $1 to house job training programs
Authorize $25 million in bonds for affordable housing repairs at 2 complexes
Approve cost allocation plan for Richmond Housing Authority billing
The Story So Far
10 prior discussions on this topic
Increase loan to $10.3 million for Civic Center homeless housing project
Receive presentation on banning corporate ownership of residential properties
Meeting Minutes
Approve $1.25 million contract for road striping and street signs
Meeting Minutes
Increase housing authority gutter replacement contract by $322,000 due to hidden damage
Pay $36,000 in overdue landscaping bills for emergency tree removal at public housing
Receive presentation on banning corporate purchases of residential properties
Hire 13 financial consulting firms to analyze real estate deals and development projects
Increase contract with development advisor by $160,000 for Homekey housing project oversight