Share to Facebook Share to Twitter Bookmark and Share
File #: 21-00189    Version: 1
Type: Departmental Agenda Status: Agenda Ready
File created: 2/25/2021 In control: BOARD OF SUPERVISORS
On agenda: 3/9/2021 Final action: 3/9/2021
Title: HEARING - Consider recommendations regarding the California Municipal Finance Authority (CMFA) Financing of Tax-Exempt Private Activity Bonds on Behalf of Peoples' Self-Help Housing, as follows: (EST. TIME: 5 MIN.) a) Hold a public hearing in compliance with the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) regarding the issuance by the CMFA of tax-exempt private activity bonds, to finance and refinance Peoples' Self-Help Housing's multifamily rental housing facility for low-income households located in Isla Vista, and consider public comment; b) Adopt a Resolution approving the issuance of multifamily housing revenue bonds by the California Municipal Finance Authority in an aggregate principal amount not-to-exceed $16,100,000.00 to finance and refinance a multifamily rental housing facility for low-income households, for the benefit of Peoples' Self-Help Housing Corporation or an affiliate thereof, and certain other matters relating thereto; and c) Determine that the abo...
Sponsors: TREASURER-TAX COLLECTOR
Attachments: 1. Board Letter, 2. Proof of Publication, 3. Public Comment - Maia, 4. Adopted Resolution, 5. Minute Order

Title

HEARING - Consider recommendations regarding the California Municipal Finance Authority (CMFA) Financing of Tax-Exempt Private Activity Bonds on Behalf of Peoples’ Self-Help Housing, as follows: (EST. TIME: 5 MIN.)

 

a) Hold a public hearing in compliance with the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) regarding the issuance by the CMFA of tax-exempt private activity bonds, to finance and refinance Peoples’ Self-Help Housing’s multifamily rental housing facility for low-income households located in Isla Vista, and consider public comment;

 

b) Adopt a Resolution approving the issuance of multifamily housing revenue bonds by the California Municipal Finance Authority in an aggregate principal amount not-to-exceed $16,100,000.00 to finance and refinance a multifamily rental housing facility for low-income households, for the benefit of Peoples’ Self-Help Housing Corporation or an affiliate thereof, and certain other matters relating thereto; and

 

c) Determine that the above actions involve government funding mechanisms and/or fiscal activities and are not a project under the California Environmental Quality Act (CEQA), pursuant to Section 15378(b)(4) of the CEQA Guidelines.

 

COUNTY EXECUTIVE OFFICER’S RECOMMENDATION: APPROVE