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Committee forwards $26 million conduit financing request for Luther Care to full council
5114371 · July 1, 2025
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Summary
The Finance Committee moved Resolution 49-20-25 to authorize tax-exempt conduit financing through Lancaster Municipal Authority for a $26 million Luther Care project; presenters emphasized the financing would be conduit debt, not an obligation of the city.
The Finance Committee on July 1 forwarded Administration Resolution 49-20-25 to the full Lancaster City Council. The resolution would authorize the Lancaster Municipal Authority to issue tax-exempt conduit financing of $26,000,000 for Luther Care to acquire and develop 37 homes and related capital…
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