lafourche-parish-housing-authorityresolution2025-06-11_6a3.pdf
Cedar Rapids Bank to purchase $22M bonds
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Description
Cedar Rapids Bank and Trust Company approved to purchase $22,000,000 in Multifamily Housing Revenue Bonds for the 4100 Bywater project in New Orleans. The bonds have a 40-year maturity and an interest rate not exceeding 10%.
Contract Details
Contract Amount
$22,000,000
Vendor
CEDAR RAPIDS BANK & TRUST
Agency
Lafourche Parish Housing Authority, LA
Contract Type
Bonds Purchase
Document Date
June 11, 2025
Contract Term
40 years
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APPROVEDIssuing Agency
Lafourche Parish Housing Authority
Local Housing Authority
Raceland, LA
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