Kutak Rock Acts as Bond Counsel to Foothills Regional HousingNews | July 9, 2021
Kutak Rock served as Bond Counsel in connection with the issuance by the Jefferson County Housing Authority, d/b/a Foothills Regional Housing of its Multifamily Housing Revenue Bonds (Allison Village Project) Series 2021 in the original aggregate principal amount of $19,000,000. The Bonds were issued for the purpose of financing a portion of the costs of the construction, improvement, equipping and placing in service of a 100-unit multifamily housing project to be located at 5348 Allison Street, Arvada, Colorado to be known as Allison Village Apartments.
This urban infill project replaces a smaller existing apartment complex and is designed to include 72 one-bedroom and 28 two-bedroom apartments with 5% of the units designated as Type A accessible. The community will feature indoor and outdoor gathering spaces, a leasing office, a Job Training Center and parking. At least 40% of the units will be occupied by persons earning no more than 60% of the area median income.
Fred Marienthal, John Bales and Jack McGill worked on this transaction.