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Board holds TEFRA hearing and votes to join CalPFA for Placer Creek affordable apartments' bond financing
Summary
The Board conducted a TEFRA hearing and adopted resolutions allowing membership in the California Public Finance Authority so up to $37 million in tax‑exempt bonds can be issued to finance 168 affordable units at Placer Creek; staff said county membership carries no fiscal liability and bonding is required to pair with 4% low‑income housing tax credits.
Placer County held a Tax and Equity Fiscal Responsibility Act (TEFRA) hearing Aug. 19 to consider up to $37 million in tax‑exempt bond financing for the 168‑unit Placer Creek Affordable Apartments at Baseline Road and Westbrook Boulevard. County…
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