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HRA hears introduction on host approval request for 180 Degrees’ Brittany’s Place; vote set for June 18
Summary
St. Paul HRA received an introductory presentation on a requested host approval that would allow 180 Degrees to access bank-qualified tax-exempt conduit revenue bonds to refinance renovations at Brittany's Place. No vote was taken; the City Council is scheduled to consider host approval June 18.
The St. Paul Housing and Redevelopment Authority received an introductory presentation on a request from nonprofit 180 Degrees for host approval that would allow the organization to access bank-qualified tax-exempt conduit revenue bonds to refinance a taxable loan used for renovations at Brittany's Place on East Seventh Street.
Jenny Wolf, HRA debt administrator, told commissioners the bonds would be issued by another governmental issuer (a city near Rochester was named in the presentation) and that the…
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