Patch: Santa Clara Co. Sells First $250M In Affordable Housing Bonds

Patch: Santa Clara Co. Sells First $250M In Affordable Housing Bonds
October 30, 2017 Peter

Santa Clara Co. Sells First $250M In Affordable Housing BondsThe first of hundreds of millions of dollars of bonds to build more affordable housing in Santa Clara County were sold Thursday, county officials said. The money is part of a $950 million bond measure called Measure A, which voters approved last year. The measure aims to provide housing for vulnerable populations, as well as help new homebuyers. On Thursday, $250 million of the measure was sold and will be used for down-payment assistance loans to eligible first-time homebuyers, a loan program for predevelopment work and for the development of multifamily rental units.

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