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Committee forwards $21.7 million multifamily financing for Fillmore Marketplace Apartments to full board
Summary
The committee advanced a bond resolution authorizing issuance of a multifamily housing revenue note up to $21.7 million to finance acquisition and rehabilitation of the 120‑unit Fillmore Marketplace Apartments; the financing remains conduit debt with no recourse to the city and targets mostly very low‑income households.
The Budget & Finance Committee on Feb. 17 voted to forward to the full Board a bond resolution allowing the issuance of a multifamily housing revenue note (aggregate principal not to exceed $21.7 million) to finance acquisition and rehabilitation of the 120‑unit Fillmore…
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