State board allocates $22 million in housing bonds

State board allocates $22 million in housing bonds

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SALT LAKE CITY (AP) -- Utah's Private Activity Bond Review Board has approved $22 million in tax exempt bonds for the construction of 268 affordable housing units in Murray.

The approval was granted by the board last week. The board operates out of the Division of Housing and Community Development, an arm of Utah Department of Community and Culture.

The bonds will underwrite the construction of the Fireclay Apartments, a multifamily apartment complex with one, two and three-bedroom units. Miller Development is building the project.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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