Refinances multifamily housing bonds for three projects

Saint Paul file RES PH 26-254, before the Saint Paul City Council. Passed as of 2026-09-09.

Latest action: Passed

What it does

Keeps affordable housing stable at three St. Paul sites The city refinances existing bonds for Emma Norton, Restoring Waters, and Nellie Francis Court projects, letting these affordable housing buildings continue operating without interruption.

The bigger picture

Supports longer-term affordability for low-income renters Refinancing these bonds typically extends the affordability period and can improve loan terms, helping keep rents stable for residents who live in these properties.

What to watch

Public details on new terms and costs remain limited The resolution authorizes bond amendments but does not spell out the specific new loan terms, interest rates, or any additional city cost, which will be finalized after this vote.

Read the official record for RES PH 26-254

See everything up for a vote · This week in Saint Paul · See what we have filed with the clerk