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Loan request consideration for affordable housing project

Verona village logoVerona village
Disclosed value
$2,100,000
From meeting minutes
Document date
Jun 10, 2024
Term
17 year

The 30-second brief

What it covers

Northpointe Development Corporation requests a $2.1 million loan from the City Affordable Housing Funds for a 17-year term with a 2-3% interest rate, with no payments until the end of the term.

Who holds it

Northpointe Development Corporation holds this loan contract with Verona village. Its other public contracts on record include work for City of Monona.

What happens next

Term as filed: 17 year.

See who signed off on this $2.1M contract.

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Contract details

Contract type
Loan
Amount
$2,100,000
Document date
June 10, 2024
Term
17 year
Vendor
Northpointe Development Corporation
Agency
Verona village
Source document
town-name-meeting-minutes-2024-06-10_89b.pdf (Meeting Minutes)

Northpointe Development Corporation's other public contracts

City of Monona, WisconsinNorthpointe Leads Broadway Senior Development Project · Jun 3, 2026UndisclosedCity of Monona, WisconsinGDP for 1212 E Broadway Approved for Northpointe · Feb 16, 2026UndisclosedCity of Monona, WisconsinPlan Commission Backs Northpointe's 56-Unit Senior Housing GDP · Jan 26, 2026UndisclosedCity of Monona, WisconsinPlan Commission reviews Northpointe Phase III senior housing · Dec 8, 2025UndisclosedCity of Monona, WisconsinBroadway Senior PIP approved for housing. · Oct 20, 2025UndisclosedAll Northpointe Development Corporation contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by Verona village?

Northpointe Development Corporation was awarded this loan contract by Verona village, as recorded on June 10, 2024. The contract value is $2,100,000.

How much is the Northpointe Development Corporation contract with Verona village worth?

The Northpointe Development Corporation contract with Verona village is valued at $2,100,000, covering loan work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in town-name-meeting-minutes-2024-06-10_89b.pdf (Meeting Minutes), dated June 10, 2024 from Verona village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Northpointe Development Corporation hold?

Northpointe Development Corporation 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 Verona village currently buying?

Explore Verona village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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