City of West St. Paul City Council Meeting Agenda Packet May 2026
NeighborWorks to Administer City Home Loan Program
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Description
West St. Paul is approving a Loan Administrator Agreement with NeighborWorks Home Partners to administer its Home Improvement Loan Program. The city will pay a 10% origination fee and $15 per loan per month for servicing through at least December 31, 2026, with automatic annual renewals thereafter.
Contract Details
Contract Amount
10% loan origination fee plus $15 per loan per month
Vendor
NEIGHBORWORKS HOME PARTNERS
Agency
City of West St. Paul, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 11, 2026
Contract Term
Effective date in 2026 through December 31, 2026 with automatic one-year renewals
Renewal Date
2026-12-31
Renewal Info
Agreement effective in 2026 through December 31, 2026 and automatically extends in one-year increments unless either party gives at least 90 days’ written notice prior to an extension date; terminable for breach or nonpayment under specified cure periods.
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