Covington considers financing for warehouse apartment rehab
1 Articles
1 Articles
Covington considers financing for warehouse apartment rehab
The Covington City Commission will vote next week to approve the issuance of up to $8 million in industrial revenue bonds, or IRBs, to help finance an Orleans Development apartment rehab project in the city’s Westside neighborhood. The project aims to convert an old warehouse building into 39 apartment units.On Tuesday, the commission put the financing proposal on the consent agenda for next week’s meeting, meaning it will likely pass. Dubbed th…
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