Finance Committee Meeting - August 11, 2026

The City of Winston-Salem Finance Committee held a meeting on August 11, 2026, primarily to approve the issuance of up to $25.4 million in multi-family housing revenue bonds for the Lofts at Motor Road project. These tax-exempt bonds will finance 216 units of affordable housing, with Aspire acting as the conduit issuer. The bonds do not represent a debt of the city and will not impact the city's credit or debt limits. The committee approved the resolution to satisfy federal tax code requirements, with bond counsel from McGuireWoods providing details. A council member requested a list of similar bonds previously issued to demonstrate the city's commitment to quality of life projects. The motion to approve the bond issuance passed unanimously via electronic vote. No other procurement or budget items were discussed.