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Council Authorizes Up to $25 Million in Bonds to Rehab and Preserve Hermosa Village Affordable Housing
Summary
Council approved conduit CMFA bonds allowing up to $25 million in tax-exempt financing to rehabilitate 112 units at Hermosa Village (phase 3); tenants will be offered relocation options with work expected to require 10–60 days for individual units.
The Anaheim City Council approved a resolution authorizing the California Municipal Finance Authority to issue up to $25 million in tax‑exempt conduit bonds to finance substantial rehabilitation of Hermosa Village Phase 3, preserving 112 affordable units and extending affordability for decades.
Staff said the project will rehabilitate interior finishes, kitchens, bathrooms, appliances, energy-efficiency…
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