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Hawaiian Gardens approves CMFA joint-powers agreement to support affordable units at Hawaiian Terrace
Summary
The council unanimously authorized execution of a joint exercise of powers agreement with the California Municipal Finance Authority (CMFA) to enable a grant to a developer converting a portion of Hawaiian Terrace senior apartments to affordable units, staff said the city will have no financial or legal obligations from the grant.
The Hawaiian Gardens City Council on Nov. 12 authorized a joint exercise of powers agreement with the California Municipal Finance Authority that would facilitate a grant to the developer of the Hawaiian Terrace senior apartments, a 101-unit complex for…
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