25-048 - DIRECT PURCHASE OR PRIVATE PLACEMENT SERVICES FOR WORKFORCE HOUSING

The Roaring Fork Transportation Authority (“RFTA”), is seeking proposals for direct purchase or private placement services from interested, qualified firms (“Banks”) to participate in a contemplated issuance to fund RFTA’s hotel conversion for workforce housing (the “Project”). This issuance is to provide funds for reimbursement of approximately $13 million in project expenditures that RFTA previously incurred in connection with the acquisition and renovation of its new workforce housing facility in Glenwood Springs, Colorado. The facility has been completed; occupancy and operations commenced in early 2025.

RFTA is aiming to close the direct purchase/private placement in Fall 2025, with a deadline for funding of early November 2025.