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Committee advances several housing finance measures, including 55-unit rehab and Yosemite Apartments bond approvals
Summary
The committee forwarded multiple housing finance measures to the full Board: a $23.5M multifamily housing revenue note for a 55‑unit Bernal Heights rehab, an intent-to-reimburse resolution and CDLAC application for 480 Eddy (Yosemite Apartments), and authorization to apply for a $14.3M state supportive-housing grant for conversion of units at the Knox SRO.
The Budget and Finance Committee advanced a set of housing finance items to the full Board with positive recommendations, including revenue notes, bond-related reimbursements and a state grant application intended to create or preserve affordable housing.
Christina Moon (identified in the transcript as a senior project representative) presented Item 3, a resolution authorizing execution and delivery of multifamily housing revenue notes in one or more series in an aggregate principal amount not to exceed $23,500,000 to finance rehabilitation of a 55-unit multifamily rental project identified in the transcript as "Brno Gateway…
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