CONTRACT

ACED lien for Home Assistance Program

Town of Penn
Document date
Feb 22, 2024
Term
5 years

The 30-second brief

What it covers

ACED will place a lien on the property purchased with HOME assistance funds and ACED will subordinate to the first mortgage. The HAP provides a 0% interest forgivable loan with a term of five (5) years.

Who holds it

Allegheny County Economic Development holds this loan contract with Town of Penn. Its other public contracts on record include work for Borough of Castle Shannon and Town of Mount Lebanon.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Loan
Document date
February 22, 2024
Term
5 years
Source document
town-of-penn-agenda-2024-02-22_101.pdf (Agenda)

Allegheny County Economic Development's other public contracts

More Town of Penn contracts

Questions about this contract

Who was awarded the loan contract by Town of Penn?

Allegheny County Economic Development was awarded this loan contract by Town of Penn, as recorded on February 22, 2024.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-penn-agenda-2024-02-22_101.pdf (Agenda), dated February 22, 2024 from Town of Penn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Allegheny County Economic Development hold?

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

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