Kirkland Heights Bond Cap Recycled for New Housing Project
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Description
KCHA authorizes recycling of tax-exempt bond cap by redeeming Kirkland Heights Series 2023A1 bonds and utilizing funds for Trailhead Apartments bond issuance. This complex financial transaction minimizes interest expenses on new development.
Contract Details
Vendor
KIRKLAND HEIGHTS PARTNERSHIP (NEW KIRKLAND HEIGHTS LLLP)
Agency
HA OF KING county, WA
Contract Type
FINANCIAL_SERVICES
Document Date
February 23, 2026
Contract Term
Bond Series 2023A1 redemption in Q1 2026; recycling transaction concludes June 2026
Renewal Date
2026-06-30
Renewal Info
Redemption and recycling complete by June 2026. Bond recycling mechanism is a one-time transaction but may be repeated for future projects.
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