Los Angeles, CA. Nixon Peabody is pleased to have served as bond counsel to the City of Los Angeles in connection with the City’s issuance of $389 million in General Obligation Bonds Series 2022-A (Taxable) (Social Bonds).
The proceeds of the bonds will fund projects that provide safe, clean, affordable housing for the homeless and those in danger of becoming homeless (such as battered women and their children, veterans, seniors, foster youth, and the disabled). The proceeds of the bonds will also be used to provide facilities to increase access to mental health care, and drug and alcohol treatment and other services for those in need.
The Nixon Peabody deal team included partner Daniel Deaton and associate David Song, both of the Project Finance and Public Finance practice.
