City Council gives final approval for low-income housing project near downtown

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“An Indianapolis-based company that is building one affordable housing project in Lincoln got the final City Council approval on Monday to move forward on a second one near downtown. The council, on a 6-1 vote, authorized issuing up to $26 million in bonds for the project, which the Annex Group will issue and pay off with federal low-income housing credits. The city must authorize the bond purchase but isn’t liable for the repayment, city officials said.”

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