File #: 16-5737   
Type: Regular Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 7/8/2024 Final action:
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
Attachments: 1. 20240708 - Item Summary - WCHA Financing for 7 MF Housing Developments.pdf, 2. Presentation.pdf, 3. 20240708 - Attachment 1 - TEFRA Approval Requirement & Adopted County TEFRA Policy.pdf, 4. 20240708 - Attachment 2 - Description of Developments.pdf, 5. 20240708 - Attachment 3 - Amended Prelim Resolution of WCHA on 121323.pdf, 6. 20240708 - Attachment 4 - Authorizing Resolution of Town of Cary on 092823.pdf, 7. 20240708 - Attachment 5 - Authorizing Resolution of City of Raleigh on 091923.pdf, 8. 20240708 - Attachment 6 - Notice of Public Hearing held by WCHA on 022024.pdf, 9. 20240708 - Attachment 7 - Certificate and Summary of Public Hearing held by WCHA on 022024.pdf, 10. 20240708 - Attachment 8 - Draft BOC Authorizing Resolution.pdf

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”).