Louisiana Housing Corporation Resolution Series 2026 Additional Bonds May 2026
LHC Approves $1.05M Bond Sale to Cedar Rapids Bank
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Description
The Louisiana Housing Corporation approved the sale of $1,050,000 in Series 2026 Additional Multifamily Housing Revenue Bonds for the Federal City - Building 10 Project to Cedar Rapids Bank and Trust Company, with a maturity not exceeding 40 years. The bond proceeds will help finance acquisition, construction, and equipping costs for the multifamily housing development in New Orleans.
Contract Details
Contract Amount
$1,050,000
Vendor
CEDAR RAPIDS BANK AND TRUST COMPANY
Agency
Housing Authority of the city of Lafayette, LA
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Maturity not exceeding 40 years; interest rate not exceeding 8% per annum
Renewal Info
Single-issue additional bond sale under an existing financing structure; Series 2026 Additional Bonds to be issued as a drawdown bond complementing the previously issued Series 2023 Bond with no stated renewal options.
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PENDINGhousing-authority-of-the-city-of-lafayetteresolution2024-11-13_f3a.pdf
AWARDEDhousing-authority-of-the-city-of-lafayetteresolution2024-11-13_991.pdf
APPROVEDhousing-authority-of-the-city-of-lafayette-agenda-2024-09-11_150.pdf
APPROVEDhousing-authority-of-lake-charles-agenda-2024-09-11_cd2.pdf
PENDINGIssuing Agency
Housing Authority of the city of Lafayette
Local Housing Authority
Lafayette, LA
More from Housing Authority of the city of Lafayette
Louisiana Housing Corporation Resolution Series 2026 Additional Bonds May 2026
Louisiana Housing Corporation Board Meeting Minutes January 2026
Louisiana Housing Corporation Board of Directors Meeting Agenda January 2026
Louisiana Housing Corporation Audit Committee Meeting Agenda January 2026
louisiana-housing-corporation-2025-qap-resolution_cf7.pdf
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