File #: SR 19-0212   
Type: Resolution Status: Passed
Department: Child Support Services
Meeting Date: 3/26/2019
Legislative Title: Public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, at which it will hear and consider information, and determine whether to authorize a proposed plan of financing providing for the issuance by the California Statewide Communities Development Authority of multifamily housing revenue bonds in one or more series issued from time to time, including bonds issued to refund such revenue bonds in one or more series from time to time, and at no time to exceed $7,500,000 in outstanding aggregate principal amount, to finance or refinance the acquisition, rehabilitation and development of a 42-unit multifamily rental housing project located at 10491 and 10533 Broken Oak Court, Penn Valley, California. The facilities are to be owned by Penn Valley 2, LP (the “Borrower”), operated by FPI Management, Inc., and are generally known as Courtyards at Penn Valley Apartments (the “Project”). Public hearing held. Resolution approving the issuance by the California Statewide...
Indexes: Housing & Community Services/Housing Authority (58)
Attachments: 1. RES 19-126 Approving the Issuance of Multifamily Housing Revenue Bonds, 2. Staff Report - Notice of Public Hearing Regarding Issuance of Multifamily Housing Revenue Bonds for Courtyards at Penn Valley Apartments 2019, 3. Resolution - Notice of Public Hearing Regarding Issuance of Multifamily Housing Revenue Bonds for Courtyards at Penn Valley Apartments 2019, 4. Public Hearing Notice Courtyard at Penn Valley Apts

Title

Public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, at which it will hear and consider information, and determine whether to authorize a proposed plan of financing providing for the issuance by the California Statewide Communities Development Authority of multifamily housing revenue bonds in one or more series issued from time to time, including bonds issued to refund such revenue bonds in one or more series from time to time, and at no time to exceed $7,500,000 in outstanding aggregate principal amount, to finance or refinance the acquisition, rehabilitation and development of a 42-unit multifamily rental housing project located at 10491 and 10533 Broken Oak Court, Penn Valley, California. The facilities are to be owned by Penn Valley 2, LP (the “Borrower”), operated by FPI Management, Inc., and are generally known as Courtyards at Penn Valley Apartments (the “Project”).

 

Public hearing held.

 

Resolution approving the issuance by the California Statewide Communities Development Authority of Multifamily Housing Revenue Bonds for the Courtyards at Penn Valley Apartments. (Housing)