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Council approves resolution for CMFA bonds to finance 699 Ignacio Valley Road affordable housing (Civic Crossing)
Summary
The council adopted a resolution under TEFRA approving the California Municipal Finance Authority’s issuance of tax‑exempt revenue bonds—up to $65 million—to finance Civic Crossing, a 93‑unit affordable rental project at 699 Ignacio Valley Road.
The Walnut Creek City Council on April 15 adopted a resolution approving the issuance of tax‑exempt revenue bonds by the California Municipal Finance Authority (CMFA) in an amount not to exceed $65,000,000 to finance acquisition and construction for an affordable rental project at 699 Ignacio Valley Road, referred to in staff materials as Civic Crossing.
Jennifer Yamas, the city housing analyst, introduced the item and…
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