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.
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Votes
close the public hearing
Passedadopt Resolution No. 1-15
PassedSimilar 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
2 prior discussions on this topic
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