CONTRACTAPPROVED

Knoxville's Community Development Corp. Awards Financial Services Contract to Truist Bank (April 2026)

Knoxville's Community Development Corp. logoKnoxville's Community Development Corp.
Disclosed value
Not to exceed $45,000,000
From agenda
Approved
Apr 30, 2026

The 30-second brief

What it covers

N Peters GP Corporation authorized officers to execute a construction loan with Truist Bank for up to $45,000,000 to finance The Hudson affordable housing project. The Board also approved all related Bank Loan Documents and ratified prior financing actions.

Who holds it

Truist Bank holds this financial services contract with Knoxville's Community Development Corp.. 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
Financial Services
Amount
Not to exceed $45,000,000
Document date
April 30, 2026
Source document
Knoxville's Community Development Corporation Board Meeting Agenda April 2026 (Agenda)

Truist Bank's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Knoxville's Community Development Corp.?

Truist Bank was awarded this financial services contract by Knoxville's Community Development Corp., as recorded on April 30, 2026. The contract value is Not to exceed $45,000,000.

How much is the Truist Bank contract with Knoxville's Community Development Corp. worth?

The Truist Bank contract with Knoxville's Community Development Corp. is valued at Not to exceed $45,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Knoxville's Community Development Corporation Board Meeting Agenda April 2026 (Agenda), dated April 30, 2026 from Knoxville's Community Development Corp.. 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 Knoxville's Community Development Corp. currently buying?

Explore Knoxville's Community Development Corp.'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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