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Harrisonburg RHA approves bond resolutions for senior and multifamily projects and Bluestone senior development
Summary
The Harrisonburg Redevelopment and Housing Authority on Oct. 15 approved bond consent resolutions for two new housing projects — an 84-unit age-restricted senior building and an 80-unit multifamily building — and a separate financing structure for the Bluestone Town Center senior project, advancing closing steps on all three.
The Harrisonburg Redevelopment and Housing Authority approved consent resolutions Oct. 15 to allow bond closings for an 84‑unit age‑restricted senior housing project and an 80‑unit multifamily project, and separately approved financing steps for the Bluestone Town Center senior development.
The approvals clear final paperwork steps so bond counsel and lenders can complete closings. The resolution for the senior housing project authorizes issuance of bonds not to exceed $20 million and covers an approximately 84‑unit, age‑restricted building with project‑based vouchers. The multifamily resolution covers an 80‑unit building, also with a not‑to‑exceed principal of roughly $20 million. The Bluestone Town Center senior project was approved as a consent resolution tied to a 9% low‑income housing tax credit financing structure the…
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