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Housing authority approves 6‑month amendment allowing more time to refinance Broadway Senior Apartments bonds
Summary
The Housing Authority authorized an amendment to bond documents to extend refinancing deadlines for Broadway Senior Center Apartments, a 120‑unit senior property at 5200 Broadway, allowing six additional months to refinance mortgage revenue bonds issued in 2008.
The Housing Authority authorized staff to execute an amendment to bond documents to provide additional time for refinancing mortgage revenue bonds for Broadway Senior Apartments.
Whitney Hinton of the Sacramento Housing and Redevelopment Agency explained the housing authority originally issued mortgage revenue bonds for the Broadway Senior Center Apartments in February 2008. The…
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