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Council holds TEFRA hearing, approves CMFA bond process for Palm Desert Family Housing
Palm Desert City Council · January 9, 2026
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Summary
The council conducted a TEFRA public hearing and approved the California Municipal Finance Authority's request to issue tax-exempt revenue bonds up to $50 million for the Palm Desert Family Housing Project; staff said the city bears no financial obligation for repayment or issuance costs.
The Palm Desert City Council held a TEFRA public hearing Jan. 8 and approved the California Municipal Finance Authority’s plan to issue tax-exempt revenue bonds not to exceed $50 million to support the Palm Desert Family Housing Project at…
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