Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bonds Josephs Point topic
No spam. Unsubscribe anytime.
HRA adopts conduit multifamily bonds and related housing program for Joseph's Point
Summary
After confirming receipt of the project's environmental review, the HRA voted 6-0 to approve issuance and sale of conduit multifamily housing revenue bonds and to adopt a related housing program for Joseph's Point at Upper Landing.
The Housing and Redevelopment Authority of the City of Saint Paul voted 6-0 to authorize issuance and sale of conduit multifamily housing revenue bonds and to adopt a related housing program for Joseph's Point at Upper Landing, 200 Wilkins Street.
Chair Johnson said the item had been the subject of a closed public hearing and was previously laid over pending an environmental review; staff reported the review had been received. The resolution was introduced as “Resolution public hearing 20 five-one 191 resolution authorizing the issuance and sale conduit multifamily housing revenue bonds, approving the execution of related documents, and adopting a related housing program, 200 Wilkins Street, Joseph's Point At Upper Landing Project, District 9 Ward 2.”
After a motion to approve, the authority voted “Aye” and the resolution was adopted 6-0.
Why this matters: conduit multifamily housing revenue bonds are a common financing vehicle to support multifamily development; adoption of a housing program and bond authorization are steps needed to enable bond closings and financing for the project.
