CRHA approves $23 million in bonds for Midway Manor renovations
The Board of Commissioners for the Charlottesville Redevelopment and Housing Authority has taken the first step toward issuing up to $23 million in bonds for a California-based company to renovate Midway Manor in a way that will keep existing affordability requirements in place.
“This is a 98-unit elderly affordable housing development on Ridge Street very close to the Greyhound station and the proposal is to issue some bonds to assist with the financing of a comprehensive renovation of this project,” said Delphine Carnes, the legal counsel for the CRHA.
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