15450 Plummer Street / Multifamily Rental Housing Project / Council District 7 / Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA)
Council File 26-0631
Brief
Councilmember Monica Rodriguez introduced and moved approval of a multifamily rental housing project at 15450 Plummer Street in Council District 7, with Councilmember Traci Park seconding. The file invokes TEFRA, a federal tax law that can provide financing mechanisms or tax advantages for rental housing developments. The Council voted 14-0-1 to adopt on May 5, 2026, subject to reconsideration under Council Rule 51. The City Clerk transmitted the file to the Mayor on May 6; the Mayor has until May 18, 2026 to take action.
Full summary
This file approves a multifamily rental housing project proposed at 15450 Plummer Street in Council District 7. The motion is structured under the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), a federal law that permits local jurisdictions to issue tax-exempt bonds or provide tax-related financing mechanisms for residential rental housing developments that meet affordability or public-benefit criteria. While the file does not contain detailed project specifications in the activity log, TEFRA approvals typically authorize municipalities to proceed with bond issuance or tax incentives that help lower development costs and make rental housing more affordable. Councilmember Monica Rodriguez introduced the motion on April 29, 2026, with Councilmember Traci Park as second. The City Clerk scheduled it for full Council consideration on May 5, 2026. On that date, the Council voted 14-0-1 to adopt the motion, subject to reconsideration per Council Rule 51. This near-unanimous vote suggests broad consensus around the project's approval. As of May 6, 2026, the file has been transmitted to the Mayor for executive action. The Mayor has until May 18, 2026 to sign, veto, or allow the measure to become law. The file remains open and is on track for final disposition within the statutory timeline. No outstanding committee referrals or amendments are noted.
Activity (4)
- 2026-05-06 City Clerk transmitted file to Mayor. Last day for Mayor to act is May 18, 2026.
- 2026-05-05 Council adopted item, subject to reconsideration, pursuant to Council Rule 51.
- 2026-05-01 City Clerk scheduled item for Council on May 5, 2026.
- 2026-04-29 Motion referred to Council.
Documents (2)
- 2026-05-05 Speaker Card(s) · speaker_card
- 2026-04-29 Motion · motion