Title
Affordable Housing General Obligation Bonds
Action
Action:
Adopt the bond order and resolution to provide for the issuance of General Obligation Bonds for Affordable Housing not to exceed $55,000,000.
Body
Staff Resource(s):
Kelly Flannery, Finance
Robert Campbell, Finance
Explanation
§ This action will fund affordable housing bonds approved by voters in 2014, 2016 and a portion of the 2018 affordable housing bonds:
- 2014: $15,000,000
- 2016: $15,000,000
- 2018: $25,000,000
§ This issuance will provide funding for previously authorized housing trust fund projects for the next two years as well as reimburse the city for funds spent on affordable housing developments.
Fiscal Note
Funding: Municipal Debt Service Fund
Attachments
Attachment(s)
Resolution