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NW Regional Housing Authority Awards $13,190,298 Loan Contract to Truist Bank (July 2025)

NW Regional Housing Authority
Disclosed value
$13,190,298
From agenda
Approved
Jul 15, 2025

The 30-second brief

What it covers

Truist Bank has been awarded a construction loan worth $13,190,298 for the Choice Neighborhood V-Downtown project, with an interest rate of SOFR plus 2.75%. This loan is part of a larger financing package to develop and construct the Project, which aims to provide affordable housing options.

Who holds it

Truist Bank holds this loan contract with NW Regional Housing Authority. Its other public contracts on record include work for City of Mebane and Inverness Public Utility District.

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Contract details

Contract type
Loan
Amount
$13,190,298
Document date
July 15, 2025
Term
NA
Vendor
Truist Bank
Agency
NW Regional Housing Authority
Source document
nw-regional-housing-authority-agenda-choice-neighborhood-v-downtown-development-jul-15-2025_0dd.pdf (Agenda)

Truist Bank's other public contracts

City of Mebane, North CarolinaMebane Approves Truist Financing for Equipment Shed · Oct 20, 2026Inverness Public Utility District, CaliforniaIPUD Approves Truist Bank Payments · Oct 20, 2026$10.3North Carolina Department of State Treasurer | State of North Carolina, North CarolinaGivens Estates Names Truist Bank Bond Trustee · Oct 15, 2026UndisclosedNorth Carolina Department of State Treasurer | State of North Carolina, North CarolinaMebane Approves Truist Financing for Equipment Building · Oct 15, 2026$1.6MTown of Broadway, VirginiaBroadway Continues Truist Library Loan Payments · Oct 15, 2026All Truist Bank contractsVendor profile

More NW Regional Housing Authority contracts

Urban StrategiesUrban Strategies provides assessment services for families · Jul 15, 2025UndisclosedNational Housing Trust FundNational Housing Trust Fund offers $3M loan deal for project · Jul 15, 2025$3MVirginia HousingVirginia Housing Fund gains $3M loan deal · Jul 15, 2025$3MChoice Neighborhood VdowntownMaster Lease agreement with Choice Neighborhood V-Downtown LLC · Jul 15, 2025UndisclosedChoice Neighborhood Downtown Commercial PartnersChoice Neighborhood New Manager Consideration · Jul 15, 2025UndisclosedAll NW Regional Housing Authority activityAgency profile

Questions about this contract

Who was awarded the loan contract by NW Regional Housing Authority?

Truist Bank was awarded this loan contract by NW Regional Housing Authority, as recorded on July 15, 2025. The contract value is $13,190,298.

How much is the Truist Bank contract with NW Regional Housing Authority worth?

The Truist Bank contract with NW Regional Housing Authority is valued at $13,190,298, covering loan work.

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 nw-regional-housing-authority-agenda-choice-neighborhood-v-downtown-development-jul-15-2025_0dd.pdf (Agenda), dated July 15, 2025 from NW Regional Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Truist Bank hold?

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

What is NW Regional Housing Authority currently buying?

Explore NW Regional Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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