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Board approves TEFRA hearing and supports $50M tax‑exempt bond for 106‑unit Coral Creek affordable housing
Summary
The Board held a TEFRA public hearing and adopted a resolution approving tax‑exempt bond issuance by CMFA for Coral Creek, a proposed 106‑unit 100% affordable project in Windsor, with no county liability; staff estimated a small cost recovery payment to the county.
The Sonoma County Board of Supervisors on Aug. 12 approved a TEFRA public hearing to facilitate tax‑exempt bond financing for Coral Creek Apartments, a proposed 106‑unit affordable rental development in Windsor.
Michelle Whitman of the Community Development Commission explained the California Municipal Finance Authority (CMFA) would issue tax‑exempt bonds in an…
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