Council authorizes conduit bonds for 252‑unit Devco Rochester apartments
The Rochester City Council unanimously approved a resolution to issue up to $70 million in conduit multifamily housing revenue bonds for Devco Rochester Apartments, a 252‑unit development averaging 50% AMI. City staff said the bonds would be a conduit financing and not an obligation of the city.
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The Rochester City Council unanimously approved a resolution authorizing the issuance of conduit multifamily housing revenue bonds to finance the Devco Rochester Apartments, a planned 252‑unit affordable housing development.
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