LA Fire Zone Set to Get $3 Million Homes Funded by Muni Bonds
Over a year after devastating wildfires destroyed Pacific Palisades, a nonprofit organization is pursuing an innovative financing strategy to address the housing shortage in the affluent LA neighborhood. The plan involves issuing municipal bonds to fund the construction of $3 million homes, tapping the public debt market to accelerate recovery efforts in this slow-to-rebuild area.
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LA Fire Zone Set to Get $3 Million Homes Funded by Muni Bonds
Over a year after devastating wildfires destroyed Pacific Palisades, a nonprofit organization is pursuing an innovative financing strategy to address the housing shortage in the affluent LA neighborhood. The plan involves issuing municipal bonds to fund the construction of $3 million homes, tapping the public debt market to accelerate recovery efforts in this slow-to-rebuild area.
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