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Underwriters Set for Housing Bond Sale

LOS ANGELES-Law firm of Luce, Forward, Hamilton & Scripps is chosen to help with the city revenue-bond offering. Proceeds will be used to build 118 units of senior housing and renovate an apartment complex for low-income families.

By David W. Myers | Updated on December 05, 2001

LOS ANGELES-A prominent local law firm has been tapped to help underwrite a nearly $11.7-million city bond offering, with proceeds of the sale to be used to help build 118 units of senior housing and rehabilitate a complex occupied primarily by low- and moderate-income families.

The law firm is Luce, Forward, Hamilton & Scripps. It was chosen by Goldman Sachs & Co. to represent the firm in underwriting the variable-rate bonds, which will be issued by the City of Los Angeles.

Proceeds will then be loaned to privately held Tri-City Housing for three planned projects. The first is the renovation of a complex on South Mariposa Avenue, Las Mariposas Family Apartments, which is occupied by several low- and moderate-income families.

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