By Chris Wack
The Housing Authority of Snohomish County, Wash., plans to sell $78.4 million of Series 2026 revenue bonds to provide funds for its Allegro Apartments project.
Money from the sale will go to finance the purchase, rehabilitation and equipping of public property used for the essential governmental purposes comprised of a 240-unit multifamily housing rental development, according to documents posted Thursday on MuniOS.
The apartments will be owned by HASCO Allegro Lynnwood LLC, a limited liability company and a wholly owned subsidiary of the authority.
The project is an existing 240-unit multifamily housing rental development built between 2019 and 2025. There are 327 total parking spaces around five four-story residential buildings, three three-story rental buildings and a common area building.
HASCO Allegro Lynnwood will make payments to the authority from certain revenue available from the project, and from other available funds, if any.
Interest on the bonds is payable semiannually on April 1 and Oct. 1. The bonds mature April 1, 2036.Rates and yields have not yet been determined.
The authority is a public corporation created with the purpose of providing housing assistance to persons of low income, with the power to buy, construct, maintain operate and repair housing facilities. Snohomish County is located just north of Seattle.
The authority has applied for, but has not yet received, a rating for the bonds from S&P Global Ratings.
KeyBanc Capital Markets is listed as senior managers for the sale.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 26, 2026 13:10 ET (18:10 GMT)
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