housing-authority-of-the-city-of-lafayetteresolution2024-11-13_991.pdf
$19.5M Housing Bonds Sold to Cedar Rapids Bank and Trust
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Description
The Louisiana Housing Corporation authorized issuance and sale of up to $19,500,000 in multifamily housing revenue bonds for the 263 Third project in Baton Rouge, designating Cedar Rapids Bank and Trust Company as purchaser. Bonds are for up to 40 years at a maximum 8% interest rate.
Contract Details
Contract Amount
Not to exceed $19,500,000
Vendor
CEDAR RAPIDS BANK AND TRUST COMPANY
Agency
Housing Authority of the city of Lafayette, LA
Contract Type
FINANCIAL_SERVICES
Document Date
November 13, 2024
Contract Term
Up to 40 years (bonds mature no later than forty years from issuance)
Renewal Date
2064-11-13
Renewal Info
Bond term up to 40 years; refinancing or renewal subject to future board actions and negotiated terms.
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PENDINGIssuing Agency
Housing Authority of the city of Lafayette
Local Housing Authority
Lafayette, LA
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