PHOENIX – Dec. 13, 2022 – Global law firm Greenberg Traurig, LLP acted as bond counsel on the Bond Buyer Southwest/Innovative/Small Issuer Deal of the Year.
The Bond Buyer reported the Southwest winner as “a $21.7 million deal for Apache County, Arizona's Window Rock Unified School District No. 8, which serves more than 390 square miles of the Navajo Nation in Arizona.” And further noted that “given the remote nature of the district, affordable housing for teachers is critical, and the units it built decades ago are worn out.”
Faced with crumbling infrastructure and the need to attract and retain quality educators, the district needed to find a way to fund new teacher housing and additional sports facility improvements. Having a limited ability to raise funds through general obligation bonds or through State of Federal Grant funds, the district elected to leverage an affordable portion of its annual Federal Impact Aid Revenues.