Walsh Construction Co.’s Post

BRIDGE Housing has achieved another milestone in capital markets by becoming the first nonprofit housing provider to issue publicly offered tax-exempt construction bonds.   This offering raised $71.5 million to help finance hollywoodHUB, a major new affordable housing community in Portland, Oregon, and was four-times oversubscribed – reflecting strong investor confidence in BRIDGE. This type of bond enabled us to borrow at a below-market rate, saving $2.5 million in construction costs.   A huge thanks to KeyBanc Capital Markets for underwriting the offering, KeyBank Community Development Lending and Investment for providing equity and debt financing, and BRIDGE’s Capital Markets and Development teams for extending our legacy of tapping institutional capital to create affordable housing. We look forward to breaking ground soon!   Read more here: https://lnkd.in/gtSF3esk