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Salem Housing Authority Awards $14,250,000 Financing Contract to DHCD (June 2024)

Salem Housing Authority
Disclosed value
$14,250,000.00
From meeting minutes
Approved
Jun 12, 2024
Term
5 years

The 30-second brief

What it covers

The DHCD One-stop application for Low Income Housing Tax Credits was filed January 15, 2023. This will enable the Developer to obtain tax credits to offer private investors to assist in funding the Leefort Terrace redevelopment project. The application was funded in June 2023. This includes $7,000,000.00 in soft bond financing and $3,5000,000 per year for 5 years in tax credits which equates to $14,250,000.00!

Who holds it

DHCD holds this financing contract with Salem Housing Authority. Its other public contracts on record include work for Queen Anne's county Housing Authority and Cumberland County.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Financing
Amount
$14,250,000.00
Document date
June 12, 2024
Term
5 years
Vendor
DHCD
Agency
Salem Housing Authority
Source document
salem-housing-authority-meeting-minutes-2024-06-12_4da.pdf (Meeting Minutes)

DHCD's other public contracts

Queen Anne's county Housing Authority, MarylandStevensville Sustainable Community Application Advanced · Aug 11, 2026UndisclosedCumberland County, VirginiaDHCD Supports Cumberland BOOMS Main Street Effort · Aug 7, 2026UndisclosedVermont Housing and Conservation Board | State of Vermont, VermontDHCD McClelland Hall Project Approved · Jun 18, 2026UndisclosedHousing Authority of the city of Annapolis, MarylandDHCD Soft Loans Support Multiple HACA LIHTC Projects · Apr 28, 2026Housing Authority of the city of Annapolis, MarylandDHCD long-term soft loan for Obery Court II · Mar 1, 2026All DHCD contractsVendor profile

More Salem Housing Authority contracts

Housing Opportunities of Salem IncSalem Housing Authority Considers Housing Management Agreement · Oct 12, 2026UndisclosedAmerican Federation of State, County & Municipal Employees, Council 93, Local 2762Salem Housing Authority Considers Maintenance Labor Agreement · Oct 12, 2026UndisclosedBeacon Communities Services LLCBeacon Designated for Highlands Affordable Housing Development · Sep 16, 2026Beacon Concepts Limited PartnershipBeacon Concepts to Provide Highlands Design Services · Sep 16, 2026UndisclosedBeacon Residential Management Limited PartnershipBeacon Residential Management Assigned Highlands Operations · Sep 16, 2026All Salem Housing Authority activityAgency profile

Questions about this contract

Who was awarded the financing contract by Salem Housing Authority?

DHCD was awarded this financing contract by Salem Housing Authority, as recorded on June 12, 2024. The contract value is $14,250,000.00.

How much is the DHCD contract with Salem Housing Authority worth?

The DHCD contract with Salem Housing Authority is valued at $14,250,000.00, covering financing work.

What type of contract is this?

This is a Financing contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in salem-housing-authority-meeting-minutes-2024-06-12_4da.pdf (Meeting Minutes), dated June 12, 2024 from Salem Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does DHCD hold?

DHCD 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 Salem Housing Authority currently buying?

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

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