Issue $48 million in revenue bonds for 150-unit senior affordable housing project
In Plain English
Richmond Hacienda wants to build 150 affordable apartments for seniors at 1300 Roosevelt Avenue. The developer needs the city to approve $48 million in tax-exempt bonds to finance construction. If approved, the city acts as a pass-through for the financing but takes on no financial risk or debt obligations.
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Votes
Adopted Resolution No. 11-21
PassedSimilar Discussions
5 related items found by meaning
Approve $18 million bond financing to rehabilitate 156 affordable housing units
Approve $48 million bond issuance for 105-unit affordable apartment project
Buy Richmond Housing Authority building for $1 to house job training programs
Authorize $3 million in bonds to fund housing rehabilitation projects
Issue $36.5 million in refunding bonds to reduce redevelopment agency debt costs
The Story So Far
8 prior discussions on this topic
Cooperative Purchasing Agreement with HD Supply Facilities for Maintenance, Repair, and Operations Materials and Related Service
Contract Amendment No. 1 with Door and Window Guard Systems, Inc. for Security Door and Window Guards at Vacant Units in Nystrom Village
Contract with West Peak Builders, Inc. for Residential Plumbing Services
Contract Amendment No. 6 with Hatchuel Tabernik & Associates for Project Evaluation Services
Contract Amendment No. 2 with Just Cities, LLC for completion of the Housing Equity Roadmap as specified in the Housing Element
Meeting Minutes
Resolution to Establish a Public Lands Policy
Meeting Minutes