Tax Equity and Financial Responsibility Act (TEFRA) public hearing. 1. TEFRA HEARING - To hear and consider financing and refinancing the acquisition, development, construction and equipping of a 120-unit (including one manager’s unit) multifamily rental housing project. The new bond will be issued by the California Municipal Finance Authority (Authority). As a jurisdiction in which the facilities are located, the Council must consider authorizing the Authority to issue the obligations for such purposes. 2. ***RESOLUTION - Approving a plan of finance including the issuance of exempt facility bonds by the California Municipal Finance Authority in an aggregate outstanding principal amount not to exceed $16,000,000 to finance and refinance a qualified residential rental project for the benefit of FCTC Family II, LP (or an affiliate), and certain other matters relating thereto (Subject to Mayor’s Veto)

Committee

City Council

Requested by

Finance Department

Introduced

March 31, 2026

On agenda

April 9, 2026

Passed

April 9, 2026

Where it was heard

City Council Apr 9, 2026 ADOPTED Pass