CONTRACTONGOING

City backs PHA balloon loan for Carlton Mobile Home Park

Disclosed value: $4,000,000 plus interest; From transcript
Document date: Nov 25, 2025

What it covers

The city is supporting PHA’s financing of the Carlton Mobile Home Park through monthly payments of roughly $19,000 toward a balloon-structured loan, with a projected $4 million balloon payment in four years. The arrangement helps preserve affordable housing at the park while the loan remains in PHA’s name.

Who holds it

PHA holds this financial services contract with City of Charlottesville. Its other public contracts on record include work for City of Portland and Charlottesville-Albemarle MPO.

What happens next

Term as filed: Balloon structure with approximately four years of interest payments and one principal payment in the current fiscal year.

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Contract details

Contract type: Financial Services
Amount: $4,000,000 plus interest
Document date: November 25, 2025
Term: Balloon structure with approximately four years of interest payments and one principal payment in the current fiscal year
Vendor: PHA
Agency: City of Charlottesville
Source document: Planning Commission Work Session Transcript Nov 2025 (Transcript)

PHA's other public contracts

City of Portland, MainePHA Received $450,000 COMB Block Brownfields Grant · Sep 21, 2026$450K Charlottesville-Albemarle MPO, VirginiaPHA Named in CAPER Match Funding · Sep 3, 2026 City of Charlottesville, VirginiaFunding Proposed for PHA Homeowner Education · Jul 15, 2026Undisclosed City of Charlottesville, VirginiaCDBG Housing Stabilization Award Approved for PHA · May 18, 2026$29.2K Youthbuild Phila Cs, PennsylvaniaYouthBuild Approves Proposed PHA Lease and Partnership MOU · Apr 17, 2026Undisclosed All PHA contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Charlottesville?

PHA was awarded this financial services contract by City of Charlottesville, as recorded on November 25, 2025. The contract value is $4,000,000 plus interest.

How much is the PHA contract with City of Charlottesville worth?

The PHA contract with City of Charlottesville is valued at $4,000,000 plus interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a transcript record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Planning Commission Work Session Transcript Nov 2025 (Transcript), dated November 25, 2025 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does PHA hold?

PHA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Charlottesville currently buying?

Explore City of Charlottesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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