CHFA plans to sell $60.3 million in tax exempt bonds to finance affordable multifamily rental housing

-

Rocky Hill, Conn., November 30, 2015 – The Connecticut Housing Finance Authority (CHFA) plans to offer up to $60.3 million in Tax Exempt Bonds to finance six affordable multifamily rental developments: Billings Forge in Hartford, Charles Street Apartments in Meriden, Frost Homestead in Waterbury, Laurelwood Apartments in Bridgeport, Old Talcott Mill in Vernon, and Trinity Park in Stamford, totaling 488 units.

Hawkins, Delafield & Wood LLP, Kutak Rock LLP and Lewis & Munday are acting as co-bond counsel. Underwriters are represented by Tobin, Carberry, O’Malley, Riley & Selinger PC. Lamont Financial Services Corporation is serving as Financial Advisor to CHFA. CHFA maintains a AAA rating with Standard & Poor’s and a Aaa rating with Moody’s Investor Services, which allows the Authority to achieve the lowest cost of funds.

More

SHARE
Avatar

Connecticut RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Connecticut Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Connecticut.

Contact:

Previous articleJustice Department Sues Lakewood, Colorado, Apartment Complex for Discriminating Against Families with Children
Next articleSingle Family Home Sales Rise in October