Resident raises questions about Caritas bonds, TEFRA review and income disclosures

Maya Lin told the board she had researched bond financing linked to Caritas Corporation and said the entity "received $86,000,000 of bonds in 2014" to make property improvements. Lin said she had been told by Robert Berry of the California Treasury Department that tracking disbursement of those funds can be difficult because Caritas is a private corporation.

Lin said she learned local TEFRA certification likely required the board’s approval for the bond tax exemption and that, in Lake County, residents were being asked to submit annual income disclosures to maintain eligibility — a requirement she said differed from her experience with HCD guidance. She asked the board for clarification and offered to share documentation she had assembled.

The transcript records Lin’s request and the TEFRA reference; there is no recorded staff response in the captured public comment segment. The board did not record a formal response in the provided excerpt.