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City issues $62.5M housing bonds for multifamily development

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

Public Finance Authority will issue bonds to fund new multifamily housing construction, with approximately $4 million allocated for the GMF-Florala Pool project. Bond financing affects future city debt obligations and tax revenues.

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

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