Brighton Housing Authority Special Board Meeting AgendaPacket 2026-04-27
BHA Approves $300K Subordinate Sponsor Loan
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Description
The Brighton Housing Authority approved a subordinate Sponsor Loan of up to $300,000 at 2% interest to the Ravenfield Senior Apartments partnership, secured by the property and payable from project cash flow. The resolution authorizes execution of all related financing documents for the loan.
Contract Details
Contract Amount
up to $300,000
Vendor
BRIGHTON HOUSING AUTHORITY
Agency
City of Brighton, CO
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Renewal Info
Loan is subordinate, secured by the project, with interest at 2% per annum and repayment from project cash flow; no fixed maturity date or renewal provisions stated.
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