A long-planned housing development on Newport’s Ann Street cleared its final financing hurdle Monday, bringing 11 new single-family homes one step closer to construction. The Newport City Commission approved up to $7 million in industrial revenue bonds, also known as IRBs, to help finance 11 owner-occupied single-family homes on Ann Street. The project was first […]
Tag: Urban Community Developers
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Newport considers $7 million in IRBs for new housing project
Newport City Commission is considering issuing $7 million in Industrial Revenue Bonds to Urban Community Developers for a project that would include 11 new single-family homes and a rehab of an existing one.