DAKOTA county CDA Awards Financial Services Contract to Burnsville Housing Limited Partnership (May 2026)

The CDA Board approved financing agreements with Burnsville Housing Limited Partnership for the 120-unit Burnsville Family Apartments, including a borrower loan funded by up to $18,019,000 in revenue note proceeds and a HOME Loan up to $784,408.87. The partnership will execute mortgage and regulatory documents to secure and govern the affordable housing project.

Scope & details

The full contract record, as filed.

Contract amount

Borrower loan funded by Note proceeds up to $18,019,000 and HOME Loan up to $784,408.87

Contract type

FINANCIAL_SERVICES

Contract term

Project financing term aligned with revenue note and HOME requirements; bonds anticipated final maturity of up to 20 years

Renewal

Future amendments to the loan documents and HOME agreements may be approved by the Executive Director if they do not materially adversely affect the CDA and preserve the tax-exempt status of the bonds.

Document type

AgendaPacket

Source document

Dakota County CDA Board of Commissioners Agenda May 19 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by DAKOTA county CDA?

Burnsville Housing Limited Partnership was awarded this financial services contract by DAKOTA county CDA, as recorded on May 19, 2026. The contract value is Borrower loan funded by Note proceeds up to $18,019,000 and HOME Loan up to $784,408.87.

How much is the Burnsville Housing Limited Partnership contract with DAKOTA county CDA worth?

The Burnsville Housing Limited Partnership contract with DAKOTA county CDA is valued at Borrower loan funded by Note proceeds up to $18,019,000 and HOME Loan up to $784,408.87, 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 Dakota County CDA Board of Commissioners Agenda May 19 2026 (AgendaPacket), dated May 19, 2026 from DAKOTA county CDA. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Burnsville Housing Limited Partnership hold?

Burnsville Housing Limited Partnership 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 Burnsville Housing Limited Partnership's profile

What is DAKOTA county CDA currently buying?

Explore DAKOTA county CDA's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View DAKOTA county CDA's profile