Port of Greater Cincinnati Development Authority Resolution 2024-26
Port approves $65M housing revenue bond intent
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Description
The Port of Greater Cincinnati Development Authority approved a resolution to issue up to $65 million in tax-exempt multifamily housing revenue bonds and loan the proceeds to Standard Property Company Inc. to acquire and rehabilitate the 349-unit Gateway Plaza Apartments in Cincinnati. The borrower will bear all issuance costs and the resolution is effective through November 30, 2025 with possible extension.
Contract Details
Contract Amount
Not to exceed $65,000,000 (bond issuance amount)
Vendor
STANDARD PROPERTY COMPANY INC
Agency
Port Of Greater Cincinnati Development Authority, OH
Contract Type
FINANCIAL_SERVICES
Document Date
November 18, 2024
Contract Term
November 18, 2024 through November 30, 2025, with potential extension at Authority's discretion
Renewal Date
2025-11-30
Renewal Info
Resolution effective November 18, 2024 through November 30, 2025 with potential extension at the Authority's discretion without additional Board approval.
More from STANDARD PROPERTY COMPANY INC
Related Contracts
Issuing Agency
Port Of Greater Cincinnati Development Authority
Special District
Cincinnati, OH
More from Port Of Greater Cincinnati Development Authority
Port of Greater Cincinnati Development Authority Board Minutes August 2013
Port of Greater Cincinnati Development Authority Board Minutes August 2013
Port of Greater Cincinnati Development Authority Board Minutes August 2013
Port of Greater Cincinnati Development Authority Resolution 2026-03 Bond Issuance
The Port Board of Directors Meeting Minutes February 2026
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