Manteca’s fourth affordable housing complex for low-income seniors will be made possible through the issuance of tax-exempt bonds.The Manteca City Council Tuesday cleared the way for the developers of the Cottage Village Senior Apartments to work with the California Municipal Financing Authority to sell $11 million worth of bonds to help pay for the project.The 48-unit complex will be built on the southeast corner of the Cottage Avenue overpass at Highway 99 where an upholstery shop stood for years before being razed. The site is immediately south of the new storm retention basin put in place by CaltransThe city has already put aside $2,630,000 in residual redevelopment bond sale proceeds that are part of the mandatory 20 percent set aside for affordable housing that was required under state law. Manteca also added $450,000 in pass through housing funds the city obtained from the federal government to help pay for the $14 million project.Under state law, the city will not be on the hook for a cent of the debt repayment.