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Board adopts resolution authorizing up to $28.5 million in housing revenue notes for 121‑unit Bayview senior project
Summary
The Board adopted a resolution authorizing sale and delivery of housing revenue notes not to exceed $28.5 million to finance a 121‑unit affordable senior rental project called Bayview Senior Housing.
The Board of Supervisors adopted a resolution authorizing the issuance and sale of housing revenue notes in an aggregate principal amount not to exceed $28,500,000 to finance construction of a 121‑unit affordable, multifamily senior rental housing project known as Bayview Senior Housing.
The clerk read the communication describing the financing purpose and the aggregate cap. The resolution was adopted without objection; the clerk recorded the board’s approval in the meeting minutes. No financing documents or loan terms were detailed during the public portion of the meeting.
Ending: The board approved the resolution and moved on to other agenda items; staff and sponsoring departments will proceed with transactional steps necessary to implement the financing consistent with the resolution’s terms.
