Development authority presents Terraces refinancing; board to vote April 22
The Development Authority presented a TEFRA hearing summary for refinancing The Terraces (316 units); the project would set 20% of units for workforce housing (50% AMI), is conduit financing and does not create county financial obligations; the board will vote on a resolution at the next meeting.
The full story
John Nicks, representing the Development Authority of Rockdale County, briefed the board on the Terraces of Fieldstone refinancing and explained the TEFRA public‑hearing requirement for tax‑exempt bond financing for nonprofit borrowers.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in