High PriorityDevelopmentopen
$20 Million Bond Financing for 48-unit Rental Project
Summary
A public hearing will consider approving exempt facility bonds of up to $20 million through the California Municipal Financing Authority for a 48-unit rental housing project at 38732 9th Street E. This is a financing approval that supports affordable housing development without direct city spending.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Impact analysis
💰Financial impact
No direct city spending — the bonds are repaid by the project, not the city's general fund.
✅Who benefits
Future residents of the 48-unit rental project and the project developer.
Mentions & discussions (1)
Related development
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