Mahwah Closes $12 Million Bond Sale
Congratulations to the Township of Mahwah on its successful $24.1 million bond sale.
Among other things, the bonds help finance the Township’s acquisition of a 75-unit market-rate residential housing project, with the goal of converting it into a 100% affordable housing project. This is a significant step towards the Township’s goal of providing quality homes for persons of low and moderate incomes.
It was our pleasure to work with the Township on this important initiative, which included obtaining a securing Local Finance Board approval. This strategic move saved the Township over $700,000 in capital cash.
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