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Hudson County adopts ordinance guaranteeing up to $52.5 million in housing revenue bonds to support affordable units
Summary
The Board adopted Ordinance A-1 authorizing the County to guarantee up to $52,500,000 in housing revenue bonds issued by the Hudson County Improvement Authority to assist development of low- and moderate-income housing. Commissioner William O'Dea spoke in favor, citing the measure's support for UHAC-compliant affordable units.
Hudson County commissioners adopted Ordinance A-1 on March 13, authorizing the County to guarantee up to $52,500,000 aggregate principal of housing revenue bonds issued by the Hudson County Improvement Authority to support affordable housing financing.
The ordinance — introduced previously and published with the statutory public hearing notice — was…
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