Ohio County to Sell $33.1M in Mutlifamily Housing Revenue Bonds

Dow Jones

Jul 22, 2025

By Chris Wack

The Dayton-Montgomery County Port Authority is offering $33.1 million of multifamily housing revenue bonds to make a first mortgage loan to Springfield AAL.

The loan will provide funds for payment and reimbursement of costs of buying, constructing and equipping a 124-unit assisted living residential facility in Springfield, Ohio, according to a preliminary official statement posted Friday on MuniOS.

Proceeds of the Series 2025 A and taxable Series 2025 B bonds will also be used to fund capitalized interest, fund certain reserves and pay certain costs of issuance of the bonds.

Interest payments will be made on a semiannual basis beginning Jan. 1, 2026. No rating has be sought or provided for the bonds.

The $29.9 million of Series 2025 A bonds will be due in 2045. About $2.3 million of the Series 2025 B bonds will be due in 2029, and the remaining $1 million will be due in 2034.

The securities will be secured by all revenue from the new facility.

DA Davidson is the lead manager on the sale.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

July 21, 2025 12:13 ET (16:13 GMT)

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