housing-authority-of-lake-charlesresolution2025-06-11_19d.pdf
$125M Bond Issuance Approved for First-Time Homebuyers
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Description
Louisiana Housing Corporation approves the issuance and sale of $125 million in Single Family Mortgage Revenue Bonds to Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated, and JPMorgan Securities LLC. The bonds, with a maturity not exceeding 40 years and an interest rate not exceeding 8% per annum, will finance mortgage loans for first-time homebuyers.
Contract Details
Contract Amount
$125,000,000
Vendor
NA
Agency
Housing Authority Of Lake Charles, LA
Contract Type
Bond Underwriting
Document Date
June 11, 2025
Contract Term
Not exceeding 40 years
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approvedIssuing Agency
Housing Authority Of Lake Charles
Local Housing Authority
Lake Charles, LA
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