Larkspur rethinks housing authority after bond default

Larkspur rethinks housing authority after bond default

A default on municipal bonds used to purchase an apartment building in Larkspur has caused the city to take a second look at its participation in the California Community Housing Authority. The city joined the fledgling authority, which issued the bonds, in 2019 to foster the creation of more middle-income housing. But the default might result in income level limits being raised at Serenity at Larkspur, a 342-apartment complex at 700 Lincoln Vil…