Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Housing commission recommends TEFRA public hearing, backs up to $20M in bonds for Serrano Village rehab
Summary
The commission voted to recommend a TEFRA public hearing and to support CMFA issuance of up to $20 million in tax‑exempt bonds for rehabilitation of Serrano Village Apartments; Eden Housing said rents will remain regulated and some residents will be temporarily relocated on‑site with movers provided at no cost.
The Vallejo Housing and Community Development Commission voted to recommend that the City Council hold a TEFRA public hearing and to support issuance of California Municipal Finance Authority (CMFA) bonds in an aggregate principal amount not to exceed $20,000,000 to finance rehabilitation of Serrano Village Apartments.
At the March meeting staff presented the proposal and said the adoption of the recommendation is solely to satisfy TEFRA and related California Government Code requirements; the city…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
