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City approves $62.5M housing bond for multifamily projects

Parks & Culture
$62.5M , Red tier (over $1 million)

Birmingham will issue $62.5 million in bonds for multifamily housing development, with roughly $4 million directed to specific affordable housing initiatives. This financing tool expands housing supply and may increase rental unit availability across the city.

Counterparty: Public Finance Authority Funding source: Bond Action type: Resolution

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