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NNRHA approves $1M pre-development loan for Downtown Project

Housing Authority of the city of Newport logoHousing Authority of the city of Newport
Disclosed value
$1,000,000
From agenda
Document date
May 20, 2025

The 30-second brief

What it covers

Resolution authorizes Executive Director to execute loan documents to obtain a $1,000,000 pre-development loan from Truist Bank for the Choice Neighborhood V - Downtown project.

Who holds it

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

See who signed off on this $1M contract.

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Contract details

Contract type
Loan
Amount
$1,000,000
Document date
May 20, 2025
Term
NA
Vendor
Truist Bank
Agency
Housing Authority of the city of Newport
Source document
housing-authority-of-the-city-of-newport-agenda-2025-05-20_edf.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 Housing Authority of the city of Newport contracts

Urban StrategiesUrban Strategies Inc. assess Newport News families · Jul 15, 2025UndisclosedDjg ArchitectsDJG Architects plans for Aqueduct Apartments window replacement · Jul 15, 2025UndisclosedHabitat for HumanityHabitat for Humanity receives $300K for housing · Jul 15, 2025$300KPennrose Holdings LLCPennrose Holdings constructs Newport News Redevelopment project · Jul 15, 2025UndisclosedCm MundenMarshall Courts demolition to commence · Jun 17, 2025UndisclosedAll Housing Authority of the city of Newport activityAgency profile

Questions about this contract

Who was awarded the loan contract by Housing Authority of the city of Newport?

Truist Bank was awarded this loan contract by Housing Authority of the city of Newport, as recorded on May 20, 2025. The contract value is $1,000,000.

How much is the Truist Bank contract with Housing Authority of the city of Newport worth?

The Truist Bank contract with Housing Authority of the city of Newport is valued at $1,000,000, 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 housing-authority-of-the-city-of-newport-agenda-2025-05-20_edf.pdf (Agenda), dated May 20, 2025 from Housing Authority of the city of Newport. 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 Housing Authority of the city of Newport currently buying?

Explore Housing Authority of the city of Newport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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