Boulder Housing Partners Board of Commissioners Meeting Agenda March 2026
Board Approves $4M Line of Credit Extension with FirstBank/PNC
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Description
The Boulder Housing Partners Board approved a 3-year line of credit extension with FirstBank/PNC, with a maximum value of $4 million and interest rate of 5%. The BHP office at 4800 Broadway will serve as collateral for the loan.
Contract Details
Contract Amount
Not to exceed $4,000,000
Vendor
FIRSTBANK/PNC
Agency
Boulder Housing Partners, CO
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
3 years
Renewal Date
2029-03-11
Renewal Info
This is a reduction from the previous $10M LOC; previous 3-year period had no draws. Extension terms set for 3 years with possible Board-approved draws.
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