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Pharr board approves 4% bond application and resolution to seek private activity bonds for Astra Villas
Summary
The board approved a 4% low-income housing tax credit bond application and a resolution authorizing staff to seek an allocation of private activity bonds from the Texas Bond Review Board to finance Astra Villas, a proposed senior multifamily project.
The board voted to approve a 4% bond application and adopt a resolution authorizing staff to apply to the Texas Bond Review Board for private activity bond allocation to finance Astra Villas, a proposed senior multifamily housing development.
The actions occurred under agenda items 3(c) and 3(d). For item 3(c) the board approved “a proposed 4% bond application for a senior multifamily housing…
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