Kutak Rock is Bond Counsel to Boulder County Housing Authority Kestrel Housing DevelopmentNews | February 16, 2016
Kutak Rock attorneys served as bond counsel to Boulder County Housing Authority in the financing of the Kestrel 200-unit affordable housing development in Louisville, Colorado. The Kutak Rock team, led by John Henry, John Bales and Fred Marienthal of the Denver office, and Jack McGill of the Omaha office, assisted in closing the $77.8 million deal.
The Kestrel development, situated between Boulder and Denver, is being financed with a variety of federal, state and local funding sources as well as conventional private debt and equity. Major funding sources include federal Low-Income Housing Tax Credit (LIHTC) equity and a unique funding source through state housing tax credits.
The development addresses Boulder County's growing affordable housing crisis and will feature high energy sustainability, geothermal heating and cooling, natural features, regional trail connections, green space, innovative play structures, and a state-of-the-art community building.