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Supervisors approve bond financing plan to renovate Frederick Douglass Haines Gardens
Summary
The Board unanimously adopted a resolution allowing city staff to apply for residential mortgage revenue bonds to support renovations at Frederick Douglass Haines Gardens and several nearby addresses, with the aim of preserving affordability and preventing displacement of primarily low‑income African American residents.
Supervisor Brown urged support for a bond-financing resolution that will allow the Mayor's Office of Housing and Community Development to seek tax-exempt mortgage revenue bonds, up to approximately $47,700,000, for multiple properties including units associated with Frederick Douglass Haines Gardens.
“Frederick Douglass Haines Gardens is a 104-unit family project that serves…
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