Tax-exempt financing approved for Turnagain Arms

The San Diego County Board of Supervisors approved the issuance of tax-exempt revenue bonds to Community Housing Works for the acquisition, rehabilitation, and development of the Turnagain Arms Apartments.

The supervisors’ unanimous July 31 vote authorizes the California Statewide Communities Development Authority to issue up to $7,500,000 of tax-exempt bonds to Community Housing Works for acquisition, rehabilitation, and development of the 80-unit facility in the 900 block of East Mission Road.

The Turnagain Arms Apartments were built in 1974 and consist of nine two-story wood-framed building...