Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves up to $45 million in tax-exempt bonds for Arrowhead Grove Phase 4
Summary
The San Bernardino City Council on Tuesday unanimously approved a resolution authorizing up to $45 million in tax‑exempt bonds to finance Arrowhead Grove Phase 4, a 92‑unit affordable rental housing project developed by National Core.
The San Bernardino City Council on Tuesday unanimously approved a resolution authorizing up to $45 million in tax‑exempt bonds to finance Arrowhead Grove Phase 4, a 92‑unit affordable rental housing development by National Core.
The payment of the bonds will be the responsibility of the project and the issuing authority, the California Statewide Communities Development Authority; the city said it will not be obligated to repay the bonds. The financing mechanism—commonly used for affordable housing—reduces development borrowing…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
