Hold public hearing on $55 million revenue bonds for Barrett Terrace affordable housing

Barrett Terrace HousingHousing

In Plain English

The California Municipal Finance Authority wants to issue $55 million in revenue bonds to help renovate Barrett Terrace, a 115-unit affordable apartment complex at 700 Barrett Avenue. The bonds would fund building improvements and upgrades to maintain affordable rental housing. This hearing lets residents comment before the city decides whether to support the bond issuance.

Auto-generated summary. Source: official agenda documents.

Votes

Approve the item and adopt Resolution No. 107-21

Moved by: Demnlus Johnson IIISeconded by: Gayle McLaughlin
Passed