Illinois Housing Development Authority Finance Committee Meeting Minutes March 2026
IHDA Prepares 3959 N. Lincoln Bonds with KeyBanc
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Description
The Illinois Housing Development Authority intends to authorize up to $13.64 million in tax-exempt Multifamily Housing Revenue Bonds for the 3959 N. Lincoln Avenue project, to be publicly offered by KeyBanc Capital Markets. The long-term fixed-rate conduit bonds will mature by March 1, 2066, with interest capped at 9%.
Contract Details
Contract Amount
Not to exceed $13.64M
Vendor
KEYBANC CAPITAL MARKETS
Agency
Illinois Housing Development Authority, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 20, 2026
Contract Term
Final maturity no later than March 1, 2066; interest rate not to exceed 9% per annum
Renewal Date
2066-03-01
Renewal Info
Single long-term conduit bond issue; no renewal provisions indicated.
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Local Housing Authority
Chicago, IL
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