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OCII adopts municipal finance disclosure policy ahead of planned affordable-housing bond
Summary
OCII adopted a tailored municipal finance disclosure policy and received training on disclosure obligations from counsel; staff said a proposed affordable-housing bond will move through approvals this summer and may be marketed to investors later in the year.
The Office of Community Investment and Infrastructure on June 1 adopted a municipal finance disclosure policy to align OCII’s practices with federal securities anti‑fraud provisions and to define the commission’s role in reviewing bond offering materials.
Deputy Director for Finance Breema Hoerter explained OCII’s debt portfolio and the need for a formal disclosure policy; disclosure counsel…
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