FINANCIAL_SERVICESONGOING

HTRFA Establishes $15 Million Line of Credit with Towne Bank

Historic Triangle Recreational Facilities Authority opened a $15 million line of credit with Towne Bank in December 2025 to support ongoing construction, with approximately $7 million drawn and significant closing costs incurred.

Status
ONGOING
Document date
June 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Towne Bank
Agency
Williamsburg Redevelopment & Housing Auth. · VA

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$15,000,000 line of credit; approx. $263,000 in closing costs; about $7,000,000 drawn
Contract type
FINANCIAL_SERVICES
Renewal
No terms or renewal options disclosed. Line of credit referenced as ongoing for current construction cash flow.
Document type
AgendaPacket
Source document
Historic Triangle Recreational Facilities Authority AgendaPacket 2026-06-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Williamsburg Redevelopment & Housing Auth.?

Towne Bank was awarded this financial services contract by Williamsburg Redevelopment & Housing Auth., as recorded on June 10, 2026. The contract value is $15,000,000 line of credit; approx. $263,000 in closing costs; about $7,000,000 drawn.

How much is the Towne Bank contract with Williamsburg Redevelopment & Housing Auth. worth?

The Towne Bank contract with Williamsburg Redevelopment & Housing Auth. is valued at $15,000,000 line of credit; approx. $263,000 in closing costs; about $7,000,000 drawn, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Historic Triangle Recreational Facilities Authority AgendaPacket 2026-06-10 (AgendaPacket), dated June 10, 2026 from Williamsburg Redevelopment & Housing Auth.. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Towne Bank hold?

Towne 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.

View Towne Bank's profile

What is Williamsburg Redevelopment & Housing Auth. currently buying?

Explore Williamsburg Redevelopment & Housing Auth.'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Williamsburg Redevelopment & Housing Auth.'s profile

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