Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee backs bond application to finance Western Park senior housing rehabilitation
Summary
The committee advanced a resolution allowing the Mayor's Office of Housing to apply for up to $25 million in tax‑exempt mortgage revenue bonds to finance major rehabilitation of Western Park Apartments, a 182‑unit senior housing development; the office said tenants will be temporarily relocated with no permanent displacement.
The Budget and Finance Subcommittee advanced a resolution on April 24 authorizing the Mayor's Office of Housing to apply to the California Debt Limit Allocation Committee for tax‑exempt mortgage revenue bonds not to exceed $25,000,000 to finance a substantial rehabilitation of Western Park Apartments, 1280 Laguna Street.
Lydia Ealy, project manager in the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
