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Council clears TEFRA hearing for $80M tax-exempt bonds for Tustin Legacy housing project
Tustin City Council · April 21, 2026
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Summary
Council held the required public hearing and adopted a resolution permitting issuance of up to $80 million in tax-exempt bonds for a 334-unit rental project at Tustin Legacy; city stated it will bear no financial obligation and the bond issuer will be California Municipal Finance Authority.
The Tustin City Council conducted the federal TEFRA public hearing required for issuance of tax-exempt bonds and adopted the city resolution enabling the proposed financing for USA Tustin Legacy 5 and 6.
Staff described the request from USA Properties…
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