City Council

(4) 24­1074 CD 10 MOTION (HUTT ­ BLUMENFIELD) and RESOLUTION relative to the issuance of one or more series of revenue bonds or notes for the acquisition, development, and equipping of a 65­unit, scattered­site multifamily affordable housing project known as Second Street Andrews Apartments (Project) located at 1511 South St. Andrews Place, consisting of 45 units, and 1309 2nd Avenue, consisting of 20 units, in Council District (CD) 10. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. HOLD a Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing at the City Council Meeting to be held on Tuesday, September 17, 2024. 2. ADOPT the accompanying TEFRA RESOLUTION, attached to the Motion, to allow the California Statewide Communities Development Authority to issue bonds in an amount not to exceed $12,900,000 to provide financing for the acquisition, development, and equipping of a 65­unit, scattered­site multifamily affordable housing Project located at 1511 South St. Andrews Place and 1309 2nd Avenue in CD 10. Items for which Public Hearings Have Been Held