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Andover approves $24 million IRB financing for AV (Buffalo Ridge) apartments
Andover City Council · December 10, 2025
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Summary
The council unanimously approved an ordinance authorizing $24,058,010.45 in industrial revenue bonds to finance a multifamily housing facility in the AV/Buffalo Ridge project; council previously approved a 70% tax abatement in 2022.
The Andover City Council on Dec. 9 adopted an ordinance authorizing the issuance of $24,058,010.45 in industrial revenue bonds to finance construction, furnishing and equipping of a multifamily housing facility tied to the AV (Buffalo Ridge) apartments project.
City staff and bond counsel said the project has been in the city’s…
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