Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Livingston council approves TEFRA hearing outcome to allow CMFA bonds for 80-unit River Glen apartments
Summary
The City Council conducted a TEFRA public hearing and voted 4-0 to let the California Municipal Finance Authority issue tax-exempt bonds up to $35 million so Self Help Enterprises can close financing for an 80-unit affordable rental project called River Glen.
The Livingston City Council on Tuesday conducted a TEFRA public hearing and adopted a resolution allowing the California Municipal Finance Authority to issue tax-exempt revenue bonds with a maximum principal amount not to exceed $35,000,000 to help finance the River Glen (also referenced as River Glen Apartments) affordable housing project.
The action followed a presentation from Miguel Galvez, the city’s contract planner, and representatives from Self Help Enterprises and the California Municipal Finance Authority. Galvez said the project would be built on a 3.95-acre site at the southeast corner of B Street and Winton Parkway and comprise 80 rental units in six two‑story and four three‑story buildings with a roughly 3,000‑square‑foot community center and on‑site resident services. “The units will be developed as 1, 2, 3 bedroom units to serve working families, seniors, individuals, and families at risk of homelessness,” Galvez said.
The developer is seeking…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
