Rhode Island S2674 authorizes the City of Providence to issue up to $25,000,000 in general obligation bonds and notes to fund the Providence Housing.
Rhode Island S2674 authorizes the City of Providence to issue up to $25,000,000 in general obligation bonds and notes to fund the Providence Housing Trust Fund for affordable multi-family housing projects. The proceeds from the sale of these bonds and notes will be used to finance these housing projects. The city council has the authority to issue bonds and notes in various forms, including serial bonds, term bonds, or a combination thereof.
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