Nature of Contract
Board of Supervisors to consider a resolution authorizing the issuance and delivery of $17,260,000 in multifamily housing revenue bonds for the purpose of providing financing for the acquisition and construction of a 60-unit multifamily rental housing project knwon as Natoma Family Apartments. Bank of America, N.A. intends to purchase or cause its affiliate to purchase the Bonds and through its Trustee, US Bank, to enter into a construction loan agreement and to execute associated documents with Natoma Family Housing, LP, for which 474 Natoma, LLC, a California limited liability company, is the general partner, Bridge Homes, Inc., a California nonprofit public benefit corporation, is the sole member of 474 Natoma LLC.
Date Contract Approved
12/13/11
Amount
$17,260,000