Title
Proposed Issuance by the Housing Authority of the County of Wake of Not to Exceed $42,000,000 Multifamily Housing Revenue Bonds for Seven Affordable Housing Developments in Wake County
Recommended Action
That the Board of Commissioners adopts a resolution approving the issuance by the Housing Authority of the County of Wake (the "Authority") of not to exceed $42,000,000 Multifamily Housing Revenue Bonds to finance the rehabilitation of seven affordable housing developments, for purposes of meeting the requirements of the Internal Revenue Code of 1986, as amended (the “Code”).