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Council approves TEFRA public hearing for HumanGood refinancing and projects
Summary
Duarte held a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing and approved a resolution consenting to the California Municipal Finance Authority's issuance of tax-exempt bonds for HumanGood properties in the city; staff said the action carries no negative fiscal impact to Duarte.
Duarte City Council opened and closed a TEFRA public hearing and approved a resolution acknowledging the California Municipal Finance Authority's planned issuance of tax‑exempt bonds to refinance and improve properties owned by HumanGood, a nonprofit owner-operator of senior housing.
City staff explained the TEFRA hearing is a federally required public process for tax-exempt bond issuance. The bonds under consideration would finance…
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