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Board holds TEFRA hearing, approves issuance of tax-exempt bonds for senior housing project
Nevada County Board of Supervisors · April 14, 2026
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Summary
After a public hearing, the board approved a resolution required by federal tax rules to allow CFMA to issue up to $11 million in tax-exempt revenue bonds for the Lone Oak Senior 2 Apartments in Penn Valley; staff emphasized the county will have no repayment obligation.
The Board of Supervisors held the required TEFRA public hearing April 14 and adopted a resolution supporting the issuance of tax-exempt revenue bonds by the California Municipal Finance Authority (CMFA) for the Lone Oak Senior 2 Apartments in Penn Valley.
Tyler Barrington, director of Housing and Community…
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