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 $75,000,000.
Body
Staff Resource(s):
Teresa Smith, Finance
Matt Hastedt, Finance
Shawn Heath, Housing & Neighborhood Services
Explanation
§ This action will authorize the issuance of affordable housing bonds approved by voters in 2020 and the remaining portion of the 2018 affordable housing bonds:
- 2020: $50,000,000
- 2018: $25,000,000
§ This issuance will provide funding for previously authorized Housing Trust Fund projects as well as reimburse the city for funds spent on affordable housing developments.
Fiscal Note
Funding: Municipal Debt Service Fund
Attachments
Attachment(s)
Resolution