Hamm Building conduit bond issuance
Summary
The HRA authorized conduit multifamily housing revenue bonds for the Hamm Building at 408 St. Peter Street, a tax-exempt financing tool that supports multifamily housing downtown without putting the city's credit on the line.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 2 meetings in the last 60 days; most recently Sep 23, 2026.
Impact analysis
Conduit bonds are repaid by the project, not the city; no direct city repayment obligation.
The Hamm Building project and future downtown multifamily residents.
Mentions & discussions (2)
Housing & Redevelopment Authority — September 23, 2026
The HRA authorized conduit multifamily housing revenue bonds for the Hamm Building at 408 St. Peter Street, a tax-exempt financing tool that supports multifamily housing downtown without putting the city's credit on the line.
Housing & Redevelopment Authority — September 9, 2026
PAK Properties wants up to $14 million in conduit bonds to help convert the historic Hamm Building's vacant upper floors into 128 apartments, all affordable at 60% of area median income. The bonds put no debt on the city, and the project returns for a public hearing and vote September 23.
Related development
The Hamm Building conduit housing revenue bonds
Enables multifamily housing financing downtown without city repayment liability.
Hamm Building Office-to-Housing Conversion
Adds 128 affordable homes to downtown and reuses vacant office space above ground-floor tenants like Park Square Theater and Meritage.
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