Housing Authority of the County of Kern Agenda 2026-06-10
Citizens Business Bank to Finance Senior Housing Bonds
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Description
The Housing Authority Board authorized the issuance and sale of up to $9 million in tax-exempt bonds to Citizens Business Bank for the Bakersfield Senior Housing project. Citizens Business Bank will purchase the bonds and provide loan funds.
Contract Details
Contract Amount
Not to exceed $9,000,000
Vendor
CITIZENS BUSINESS BANK
Agency
Housing Authority of the county of Kern, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Renewal Info
Loan obligation is with the project partnership, not the Housing Authority. No automatic renewal; project-based financing.
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RATIFIEDIssuing Agency
Housing Authority of the county of Kern
Local Housing Authority
Bakersfield, CA
More from Housing Authority of the county of Kern
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
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