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Council approves publication for tax‑exempt bond financing for two affordable housing projects
Summary
After public hearings, the council approved publication of tax‑exempt revenue bonds for two affordable housing projects (Nido Apartments and Apple Valley), each within previously authorized aggregate limits; staff said the bonds will not create general‑fund liability and Council votes were unanimous among present members.
The Santa Rosa City Council held TEFRA hearings and voted to approve the publication of tax‑exempt revenue bond issuances for two affordable‑housing projects.
For the Nido Apartments financing (item 16.1), Ángela Morgan of the Housing Department explained the request to re‑authorize up to $5 million in tax‑exempt bond issuance within an earlier $55 million authorization. The Nido project is proposed at 850 Russell Avenue and…
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