City council authorizes BHA to pursue up to $100M in bonds to acquire 5 apartment complexes
The Bloomington Housing Authority asked the council to authorize up to $100,000,000 in bonds to acquire five Hometown Group properties (924 units) to preserve workforce housing; council gave fiscal-body approval while asking for more detailed pro formas, appraisals and risk analysis prior to closing.
The full story
The Bloomington City Council voted to authorize the Bloomington Housing Authority (BHA) to move forward with a bond program that could, at its maximum, total $100,000,000 to acquire five apartment complexes from Hometown Group, preserving 924 units of workforce housing.
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