Committee forwards financing for 143-unit affordable rental project at 1990 Folsom
The committee moved a bond-issuance resolution to the full Board to finance construction of 143 affordable rental units at 1990 Folsom (developers: TNDC and Mission Economic Development Agency) using conduit financing with no recourse to the city's general fund; the development team said financing is secured and construction will begin soon.
The full story
The Budget & Finance Committee forwarded to the full Board a resolution authorizing the issuance of multifamily housing revenue notes of up to approximately $62 million to finance a 143-unit affordable rental project at 1990 Folsom in the Mission.
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