Authorize $3 million in bonds to fund housing rehabilitation projects
In Plain English
The city plans to issue Social Impact Bonds to raise money for fixing up housing in Richmond. These bonds work differently than regular city bonds because private investors get paid back based on whether the housing projects succeed. If approved, the city can borrow up to $3 million through this program.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
5 to 0
Close the public hearing
6 to 0
Adopt Resolution No. 58-15
6 to 0
Approve the item and adopt Resolution No. 56-15
6 to 0
Approve the item and adopt Resolution No. 57-15
6 to 0
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