Borrower: Housing Northwest, Incorporated (CHNW) was created out of a 1969 urban studies class at Portland State University. Today, CHNW provides housing and services for post-secondary students in the downtown Portland area, providing subsidized housing at below-market rental rates. CHNW strives to provide dynamic living and learning environments that help students achieve their goals—whether that means academic brilliance or personal growth.
Amount of Loan: $18,005,000
Closed: July 1, 2013
Purchasing Bank: George K. Baum & Co.
Description of Loan: This project involved the refinancing of existing tax-exempt bonds that were issued through OFA and the Office of the State Treasurer. This refunding allowed CHNW to change the properties securing the debt and achieve savings.
Type of Loan: Traditional Bond – Public Offering