City of Highland Park Housing Commission Agenda Packet 2026-06-03
IHDA Peers Building Loan #12-2269-02 Matures; New Loan Begins
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Description
The Illinois Housing Development Authority’s original financing for the Peers building reached maturity on loan #12-2269-02 in April 2026. A new amortization schedule begins for loan #12-2269-01, with monthly payments through 2035.
Contract Details
Vendor
ILLINOIS HOUSING DEVELOPMENT AUTHORITY
Agency
City of Highland Park, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 3, 2026
Contract Term
Loan #12-2269-02 matured April 1, 2026; new payments on Loan #12-2269-01 start April 2026 and run to November 2035; monthly payments $25,971.36
Renewal Date
2035-11-30
Renewal Info
Loan #12-2269-01 monthly payments of $25,971.36 through November 2035. Loan #12-2269-02 repaid in full April 2026.
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