Approve bonds for rehab of Vue at 3600 affordable housing complex
In Plain English
The Vue at 3600 apartments on Sierra Ridge Avenue needs major renovations to remain affordable housing. A nonprofit group wants to buy and fix up the building using $65 million in bonds that residents won't pay for. If approved, the 30-year affordability requirement extends through 2055 and the city receives $1.4 million in transfer taxes.
Auto-generated summary. Source: official agenda documents.
Community Discussion
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The Story So Far
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