Development Authority of Fulton County Agenda January 2026
$144 Million Bond Inducement Proposed for Student Housing Development
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Description
Madrone-MS Student Housing I, LLC seeks up to $144.46 million in revenue bonds through the Fulton County Development Authority for a new 800-bed student housing project. The conduit financing supports construction but does not impact property taxes or impose county liability.
Contract Details
Contract Amount
Not to Exceed $144,460,000
Vendor
MADRONE-MS STUDENT HOUSING I LLC
Agency
Housing Authority of Fulton, KY
Contract Type
OTHER
Document Date
January 27, 2026
Contract Term
Estimated closing 3rd Quarter 2026
Renewal Info
Single financing event; bond term and renewal details not specified, subject to standard bond amortization.
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