Forgivable Acquisition Loan Approved for Trellis Co.
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Description
The Hennepin County Housing and Redevelopment Authority approved Agreement PR00006436 with Trellis Co. for a 30-year forgivable acquisition loan. The agreement runs from July 10, 2024 through December 31, 2059, as part of a combined not-to-exceed total of $1.3 million.
Contract Details
Contract Amount
Portion of total combined NTE $1,300,000
Vendor
TRELLIS COMPANY
Agency
Hennepin County, MN
Contract Type
FINANCIAL_SERVICES
Document Date
December 11, 2025
Contract Term
07/10/24-12/31/59 (30-year forgivable acquisition loan)
Renewal Date
2059-12-31
Renewal Info
30-year forgivable loan structure from 07/10/24 to 12/31/59; no explicit renewal options stated.
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