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City updates bond spending on 2015 and 2019 affordable housing GO bonds; preservation loan program described
Summary
Mayor’s Office of Housing and Community Development staff reported near‑completion of 2015 issuances, progress on the 2019 bond (first issuance ~50% spent), and details on the 2016 PAS preservation loan program, including blended rates under recent series and pipeline projects.
Officials from the Mayor’s Office of Housing and Community Development presented updates on the city’s affordable housing general obligation bonds and the 2016 preservation (PAS) loan program.
A finance director on the call said the 2015 bond first and second issuances are nearly fully spent and that a third issuance completed in October 2019 had been about 60% spent as of December. The presentation included a breakdown of 2015 bond budgeting (about half for low‑income housing and set‑asides for public housing and middle‑income units) and an expected spend‑down…
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