developmentMedium priorityopen

Siena Apartments affordable housing bond refinancing

Roseville

Summary

A tax-exempt bond refi for the 156-unit Siena Apartments keeps affordability restrictions — half the units at 50% of area median income, half at 60% — with no city debt obligation.

At a glance

Total mentions: 1
Last 30 days: 0

Last discussed Mar 4, 2026.

Impact analysis

💰Financial impact

None to the city — the $17 million bond debt is solely the borrower's responsibility.

✅Who benefits

Low- and moderate-income renters at Siena Apartments and the affordable housing stock generally.

Mentions & discussions (1)

MeetingMar 4, 2026approved

City Council - Mar 4, 2026

A tax-exempt bond refi for the 156-unit Siena Apartments keeps affordability restrictions — half the units at 50% of area median income, half at 60% — with no city debt obligation.

Related development

approved

Siena Apartments Tax-Exempt Bond Refinancing

Preserves 156 affordable units — half for households at 50% of area median income, half at 60% — with no city financial exposure.

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