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Oxnard holds TEFRA hearing for up to $32 million Casa de Carmen bond issuance
Summary
Oxnard housing staff held a TEFRA public hearing on a proposal for the California Statewide Communities Development Authority to issue up to $32,000,000 in tax-exempt bonds to finance Casa de Carmen, a mixed-use supportive housing project at 241 West 2nd Street with 55 supportive units and a 110-bed navigation center.
Elsa Brown, a housing department staffer, opened a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing on a proposal for the California Statewide Communities Development Authority to issue tax-exempt bonds not to exceed $32,000,000 to finance Casa de Carmen, a mixed-use multifamily rental project at 241 West 2nd Street.
Brown said the developer is Community Development Partners, which has ownership interest in a related entity identified in the transcript as Second NBLP, and that the applicant entity for the bonds is…
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