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Housing authority approves roughly $20M bond for 84-unit senior housing
Summary
The Harrisonburg Redevelopment and Housing Authority approved a consent bond resolution to support an approximately $20 million, 84-unit age-restricted senior housing project; roll-call votes recorded a majority in favor and the board noted standard closing paperwork and issuance fees.
The Harrisonburg Redevelopment and Housing Authority approved a bond resolution on Oct. 15 to enable closing on an approximately $20 million, 84-unit age-restricted senior housing project. The resolution is a consent item that permits staff to finalize bond paperwork and pay issuance and application fees required to proceed toward closing.
A staff member described the project as an age-restricted, project-based development and said, "Again, this is for the, 84 units, age restricted." The board recorded roll-call votes with the following result: Gil Coleman — Aye; Kevin Kaufman — Aye; Luciana Benjamin — Aye; Shauna Green — Absent; Amanda Leach — Absent; Janet Okawadros — Aye. The chair confirmed the motion passed.
Board materials presented issuance-cost estimates tied to the deal, including application and bond-issuance fees. Staff characterized the resolution as the final step before closing activities and noted counsel was available for transactional review. No public testimony or opposition was recorded during the meeting.
