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Henrico approves tenant-support MOA and EDA bond issuance for Glenwood Farms redevelopment
Summary
The Board approved a memorandum of agreement with Neighborhood Resource Center to support tenants during Glenwood Farms redevelopment and authorized the Economic Development Authority to issue roughly $61 million in revenue bonds to finance multifamily housing in the project.
Henrico County on May 27 approved a memorandum of agreement with the Neighborhood Resource Center (NRC) to provide tenant support during the redevelopment of Glenwood Farms and also approved a resolution allowing the county’s Economic Development Authority to issue approximately $61,000,000 in revenue bonds to benefit the Glenwood Farms housing project.
Deputy-level staff presented the memorandum of…
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