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Development Authority outlines bond refinancing for Terraces multifamily; board schedules vote next meeting
Summary
The Development Authority of Rockdale County presented a TEFRA hearing summary for tax-exempt refinancing of the 316-unit Terraces apartments. The authority said 20% of units will serve households at about 50% of area median income; the project will not create a county financial obligation.
The Development Authority of Rockdale County briefed the Rockdale County Board of Commissioners on April 8 about proposed tax‑exempt bond refinancing for the Terraces, a 316‑unit multifamily apartment complex on Ellington Road. The presentation was informational; the board did not vote on the financing at the April 8 meeting but the authority and staff told the board a…
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