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Development Authority briefs commissioners on Terraces refinancing; TEFRA hearing held, board vote set for next meeting
Summary
The Development Authority of Rockdale County presented information April 8 on a proposed refinancing of the Terraces, a 316‑unit multifamily complex, noting a recent TEFRA public hearing and that 20% of units would serve households at roughly 50% of area median income. Authority and county staff said the deal is a financing conduit only and does
The Development Authority of Rockdale County briefed the Board of Commissioners on April 8 about a planned refinancing of the Terraces, a 316‑unit multifamily apartment complex off Ellington Road, and confirmed a federally required TEFRA public hearing was held before the authority. The county board did not vote on the refinancing at the April 8 meeting; commissioners were told the governing-body approval for the tax‑exempt bond conduit will be taken up at the next meeting.
What the Development Authority presented John Nicks of the Development Authority summarized…
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