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Development Authority outlines bond refinancing for Terraces multifamily; board schedules vote next meeting

3004769 · April 8, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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