Washington State Housing Finance Commission Board Meeting Packet February 2026
Bond Issuance for Teanaway Court Affordable Housing Project
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Description
The Washington State Housing Finance Commission is considering the approval of up to $18 million in tax-exempt and/or taxable revenue bonds for Teanaway Court Associates LLLP to fund the construction of a 41-unit affordable housing development in Cle Elum, WA. The anticipated closing is April 2026 with a minimum regulatory term of 40 years.
Contract Details
Contract Amount
Not to exceed $18,000,000
Vendor
TEANAWAY COURT ASSOCIATES LLLP
Agency
Washington State Housing Finance Commission, WA
Contract Type
CONSTRUCTION
Document Date
February 26, 2026
Contract Term
Anticipated closing April 2026; Regulatory Agreement Term Minimum 40 years
Renewal Date
2066-04-30
Renewal Info
Regulatory agreement minimum 40 years; obligation structure is private placement with Citi Community Capital as lender.
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