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Tarrant County housing agency approves inducement resolution for Cobblestone Manor bond application
Summary
The Tarrant County Housing Finance Corporation approved an inducement resolution Aug. 4 allowing an application to the Texas Bond Review Board for up to $45 million in private activity bonds for the Cobblestone Manor senior housing purchase and renovation; the resolution does not issue bonds now.
Tarrant County Housing Finance Corporation members unanimously approved an inducement resolution Aug. 4 to support an application to the Texas Bond Review Board for private activity bond allocation for the Cobblestone Manor project.
Jonathan Kranz, bond counsel with Kelly Hart, told the board the project covers an existing senior facility called Cobblestone Manor and described a planned purchase and renovation. “This is for a project called, Cobblestone Manor,” Kranz said. He…
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