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City of Little Canada <br />June 6, 2022 <br />Page 3 <br />The City has issued bonds numerous times for 501(c)(3) organizations. The final approval <br />process and the obligation to the City for multifamily housing revenue bonds are the same as for <br />501(c)(3) bonds. They are simply being issued in accordance with a different section of the federal tax code. <br />Please feel free to contact me if you have any further questions or comments. <br />Very truly yours, <br />I iCatherine J. Courtney <br />CJC <br />73846293V1