Hidden Glen Revenue Bond Financing Advanced by IHDA
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Description
IHDA’s Finance Committee discussed authorizing up to $22.5 million in tax-exempt Multifamily Housing Revenue bonds, with a total not-to-exceed amount of $27.1 million, to finance the Hidden Glen project. The bonds would be fixed-rate, long-term obligations secured solely by project revenues and not by IHDA’s general credit.
Contract Details
Contract Amount
Up to $22.5M in tax-exempt Multifamily Housing Revenue bonds; total not-to-exceed amount $27.1M
Vendor
HIDDEN GLEN
Agency
Illinois Housing Development Authority, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 17, 2026
Contract Term
Maturity dates referenced between 2027 and 2049; long-term structure
Renewal Info
New bond issuance authorization; no explicit renewal or extension provisions beyond long-term maturity structure.
Issuing Agency
State Housing Authority
Chicago, IL
More from Illinois Housing Development Authority
Illinois Housing Development Authority Board Meeting Minutes April 2026
Illinois Housing Development Authority Board Meeting Minutes April 2026
Illinois Housing Development Authority Board Meeting Minutes April 2026
Illinois Housing Development Authority Board Meeting Minutes April 2026
Illinois Housing Development Authority Board Meeting Minutes April 2026
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