City of Ithaca Awards Financial Services Contract to Ithaca Neighborhood Housing Services Inc (April 2026)

Scope & details

The full contract record, as filed.

Contract amount

Up to $78,968.40

Contract type

FINANCIAL_SERVICES

Contract term

3-year construction loan followed by 30-year term loan at 1% interest (cash flow contingent)

Renewal date

2060-11-30

Renewal

Loan commitment expires if INHS is not awarded funding in the 2026 HCR 9% LIHTC RFP; if awarded, future Action Plans may reallocate CDBG or HOME to refinance the HODAG loan. Borrower may prepay at any time without penalty.

Document type

AgendaPacket

Source document

Ithaca Urban Renewal Agency Board Meeting Agenda Packet April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Ithaca Neighborhood Housing Services Inc was awarded this financial services contract by City of Ithaca, as recorded on April 23, 2026. The contract value is Up to $78,968.40.

How much is the Ithaca Neighborhood Housing Services Inc contract with City of Ithaca worth?

The Ithaca Neighborhood Housing Services Inc contract with City of Ithaca is valued at Up to $78,968.40, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Ithaca Urban Renewal Agency Board Meeting Agenda Packet April 2026 (AgendaPacket), dated April 23, 2026 from City of Ithaca. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ithaca Neighborhood Housing Services Inc hold?

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

View Ithaca Neighborhood Housing Services Inc's profile

What is City of Ithaca currently buying?

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

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