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Council hears request for preliminary approval of $17M conduit bonds for Norcutt Mill affordable housing
Concord City Council (work session) · November 11, 2025
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Summary
City staff requested preliminary approval to issue $17,000,000 in multifamily housing revenue conduit bonds for Norcutt Mill, a 112‑unit project at 31 White Street; staff said the city acts as conduit and has no repayment obligation.
Housing staff presented a request for preliminary approval of a conduit debt issuance to support Norcutt Mill, a 112‑unit residential project proposed at 31 White Street. "It is for Norcutt Mill, in the amount of $17,000,000; they do intend to provide…
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