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Board gives final approval to $26 million bond issuance for Parkwood Villas renovation
Summary
The Health and Educational Facilities Board granted final approval for TWG Parkwoodville LP to issue up to $26,000,000 in multifamily housing revenue bonds to renovate Parkwood Villas, a 160‑unit complex built in 1975; the developer said work could start in one to two months.
The Health and Educational Facilities Board on Wednesday granted final approval for TWG Parkwoodville LP to issue up to $26,000,000 in multifamily housing revenue bonds to finance renovations at Parkwood Villas.
Marissa Knatzer, who identified herself as a representative of TWG Development, told the board the renovation project received 4 percent low‑income housing tax credits and covers 160 units originally built in 1975. "All units at 50–60 percent AMI," Knatzer said,…
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