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Spokane Housing Authority seeks city approval to issue revenue bond for affordable housing in Spokane Valley
Summary
Spokane Housing Authority presented a TEFRA hearing update and asked the council for consensus to consider a resolution next week approving issuance of a revenue bond to finance construction of a multifamily affordable housing project; the city will incur no financial obligation.
Gloria Manns, city services administrator, and John Chatburn, director of asset management for the Spokane Housing Authority, briefed council on a proposed revenue bond issuance to finance a multi-family affordable housing project in Spokane Valley.
Manns said the Housing Authority and city previously partnered to apply for a CHIP grant that will fund utility installation…
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