Pinellas County, Fla., to Sell $30M in Multifamily Housing Revenue Bonds

Dow Jones11-08

By Chris Wack

The Housing Finance Authority of Pinellas County, Fla., plans to issue $30 million of multifamily housing revenue bonds to loan to Largo 126 Apartments, a Florida limited partnership.

Largo 126 will use the proceeds to for the buying, constructing and equipping a 144-unit multifamily rental housing project located in Largo, Fla., according to a document posted Thursday on MuniOS.

Interest on the Series 2025 bonds will be payable starting on June 1 and again Dec. 1. Interest rates and yields have not yet been set. The bonds mature Dec. 1, 2043, and can be converted no earlier than Dec. 1, 2027.

The Housing Finance Authority of Pinellas County is authorized to finance the purchase and construction of multifamily rental housing for persons of low and moderate income at prices or rentals they can afford.

Largo 126 Apartment's project is located in Largo, Fla., on a 4.9-acre site. The project will contain 144 apartment units located in three four-story buildings. The project is expected to begin in November, and be completed in about 20 months.

Moody's assigned the bonds a rating of Aa1.

RBC Capital Markets is lead underwriter.

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

(END) Dow Jones Newswires

November 07, 2025 13:10 ET (18:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The bonds mature Dec. 1, 2043, and can be converted no earlier than Dec. 1, 2027. \n\n\n  The Housing Finance Authority of Pinellas County is authorized to finance the purchase and construction of multifamily rental housing for persons of low and moderate income at prices or rentals they can afford. \n\n\n  Largo 126 Apartment's project is located in Largo, Fla., on a 4.9-acre site. The project will contain 144 apartment units located in three four-story buildings. 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