News Flash Home
The original item was published from 2/15/2022 3:21:00 PM to 2/17/2023 12:00:02 AM.

News Flash

News & Announcements

Posted on: February 15, 2022

[ARCHIVED] Notice of Public Hearing Feb. 22

exterior of apartment complex

The City will host a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing on February 22, 2022, to approve the issuance of up to $45 million in California Municipal Finance Authority (CMFA) tax exempt bonds  The bond financing will allow for the acquisition, rehabilitation, and conversion to affordable housing of The Lakes Apartments, a 102-unit, 55-year old multi-family complex, by Integrity Housing, a California non-profit. 


NOTICE IS HEREBY GIVEN that on February 22, 2022, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 (the “Code”), will be held with respect to a proposed plan of financing providing for the issuance by the California Municipal Finance Authority (the “Agency”) of qualified 501(c)(3) bonds, as defined in Section 145 of the Code, for a residential rental project in one or more series issued from time to time, including bonds issued to refund such qualified 501(c)(3) bonds in one or more series from time to time, in an amount not to exceed $45,000,000 in aggregate principal amount (the “Bonds”). The proceeds of the Bonds will be used by IH Lakes Concord LLC with Affordable Housing Alliance II, Inc., dba Integrity Housing as the sole member (the “Borrower”) to: (1) finance the acquisition, rehabilitation, improvement, equipping, and conversion to affordable housing of The Lakes Apartments, a 102-unit multifamily rental housing project located at 1818, 1819 & 1850 Laguna Street, Concord, California (the “Project”); and (2) pay certain expenses incurred in connection with the issuance of the Bonds. 

The Project will be owned and operated by the Borrower which is an organization described in Section 501(c)(3) of the Code. The Bonds and the obligation to pay principal of and interest thereon and any redemption premium with respect thereto do not constitute indebtedness or an obligation of the Agency, the State of California or any political subdivision thereof, within the meaning of any constitutional or statutory debt limitation, or a charge against the general credit or taxing powers of any of them.   The Bonds shall be a limited obligation of the Agency, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower.

NOTICE IS HEREBY FURTHER GIVEN that the City Council of the City of Concord will hold a PUBLIC HEARING by teleconference/electronically via Zoom on this matter as required by Section 147(f) of the Internal Revenue Code of 1986 (the “Code”), on Tuesday, February 22, 2022, at 6:30 p.m. (or as soon thereafter as the matter can be heard) at which time and place interested persons may appear and be heard. The Zoom webinar information:

Webinar ID: 821 1098 9369
Passcode 25405
By phone toll free: 888475 4499 or 877 853 5257

Pursuant to AB 361, the City is authorized to hold public meetings via teleconferencing and to make public meetings accessible telephonically or otherwise electronically to all members of the public, without making available any physical location for the public.

All those interested in matters relating to the issuance of the Bonds and the financing of the acquisition and rehabilitation of the Project are invited to attend and be heard at the meeting. If you have any questions or would like to submit written comments regarding the matter, please contact the City Clerk at (925) 671-3390. If you require this notice in an appropriate alternative format, or seek any other disability accommodation, please contact the ADA Coordinator at (925) 671-3243.

Public Hearing Notice (pdf)
Facebook Twitter Email

Other News in News & Announcements

two women softball players standing on field

Registration Now Open for Fall Fun

Posted on: August 15, 2023
base reuse

Master Developer to be Considered 8/26

Posted on: August 15, 2023
concord jazz around town

Concord Jazz Around Town Returns

Posted on: July 15, 2023
fourth of july parade

Fourth of July Festivities Planned

Posted on: June 13, 2023
CERT logo

CERT Training Returns This July

Posted on: June 12, 2023
employees of local small businesses

Celebrating Small Businesses

Posted on: May 3, 2023
man selling strawberries at farmers market

Summer Activity Guide is Here!

Posted on: April 4, 2023
Hillside at former Concord Naval Weapons Station

Council Votes to Reject Term Sheet

Posted on: January 28, 2023
former concord naval weapons station

Jan. 7 Meeting Moved to Council Chamber

Posted on: January 5, 2023
Winter/Spring 2023 Guide Cover

Winter/Spring Activity Guide is Here

Posted on: December 9, 2022
full city council standing at dais

Hoffmeister Selected as Concord's Mayor

Posted on: December 7, 2022
Exterior of City Council Chamber

ARPA Recommendations Meeting Postponed

Posted on: December 7, 2022
construction equipment doing work on Grant street

Statement on Nov. 16 Construction Fire

Posted on: November 21, 2022
thermometer against blue sky and sunshine

UPDATED: Concord Offers Cooling Center

Posted on: August 31, 2022
federal stimulus check with words "investing in our community"

Feb. 23 Meeting Highlights Federal Funding

Posted on: February 19, 2022
map of concord showing evacuation zones

Concord Launches Zonehaven for Emergencies

Posted on: February 16, 2022
Concord Council Districts Map 2021

Concord Continues Redistricting Process

Posted on: January 27, 2022
organic recycling material, including coffee grounds, pizza crust and yard waste

Organics Recycling Law Takes Effect

Posted on: January 24, 2022
Concord Council Districts Map 2021

Concord Continues Redistricting Process

Posted on: December 29, 2021
Mayor Dominic Aliano and Vice Mayor Laura Hoffmeister

Aliano Selected as Concord's New Mayor

Posted on: December 7, 2021
Concord Council Districts Map 2021

City Kicks Off Redistricting Process

Posted on: October 29, 2021
Exterior of City Council Chamber

Apply Now to Serve on Local Committee

Posted on: October 27, 2021
bunkers at the former Concord Naval Weapons Station

Council to Consider Base Reuse Agreement

Posted on: October 21, 2021
Flooding parking lot

Prepare for Winter Storm

Posted on: January 23, 2021
social media icons

Tools to Keep You Informed

Posted on: August 21, 2020
Eviction Moratorium Graphic

Details about Eviction Moratorium

Posted on: April 2, 2020
Police Chief Guy Swanger

Chief Swanger Retires

Posted on: April 2, 2020
Stay home graphic

Stay Home Order Extended to May 3

Posted on: March 31, 2020
Hands texting 911 on a cell phone

Text-to-911 Available Sept. 16

Posted on: September 12, 2019
Two employees working, text reads "Prioritizing our Tomorrow"

Community Meetings Announced

Posted on: September 17, 2019