Approve $48 million bond issuance for 105-unit affordable apartment project
$48,000,000
Resolution Resolution No. 145-25
In Plain English
A developer wants to build 105 affordable rental apartments at 1827 San Joaquin Avenue. The city must approve bond financing through a state authority before construction can begin. Richmond has no financial responsibility for repaying the $48 million bonds. If approved, the city receives a portion of bond fees for general use.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
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