Washington Housing Finance organizes $107.84 million of housing bonds

By Sheri Kasprzak

New York, June 7 - The Washington State Housing Finance Commission plans to sell $107,835,000 of series 2013 nonprofit housing revenue bonds, said a preliminary official statement.

The deal includes $83,985,000 of series 2013A revenue and refunding bonds, $4.5 million of series 2013B-1 tax-exempt mandatory paydown securities, $4.5 million of series 2013B-2 tax-exempt mandatory paydown securities and $14.85 million of series 2013B-3 tax-exempt mandatory paydown securities.

Ziegler Capital Inc. is the senior manager for the unrated bonds.

The 2013A bonds are due Jan. 1, 2048. The 2013B-1 bonds are due Jan. 1, 2021, while the 2013B-2 bonds are due Jan. 1, 2020, and the 2013B-3 bonds are due Jan. 1, 2020.

Proceeds will be used to construct residential housing units at Rockwood South Hill in Seattle, as well as to refund variable-rate debt.

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