DuPage County Awards $5,250,000 Construction Contract to Alden Foundation (December 2024)
DuPage CountyCounty · Wheaton, IL- Disclosed value
- $5,250,000
- From agenda
- Approved
- Dec 3, 2024
- Renews
- Free account
The 30-second brief
The DuPage County Home Advisory Group approved a conditional commitment of $5,250,000 in HOME funds to the Alden Foundation for construction of the Addison Horizon Senior Living Community, a 62-unit affordable rental project for seniors. The agreement includes a 40-year affordability period and layered financing with LIHTC and project-based vouchers.
Alden Foundation holds this construction contract with DuPage County.
The renewal date is on record. A free account shows it, with the renewals for every DuPage County contract.
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Contract details
- Contract type
- Construction
- Amount
- $5,250,000
- Document date
- December 3, 2024
- Term
- 40-year term (affordability requirement); Note/Mortgage 40-year, 0% interest; annual payments of $36,000 through year 39 with balloon in year 40
- Renews
- Free account
- Vendor
- Alden Foundation
- Agency
- DuPage County
- Source document
- DuPage County Home Advisory Group Agenda December 2024 (Agenda)
Alden Foundation's other public contracts
More DuPage County contracts
Questions about this contract
Who was awarded the construction contract by DuPage County?
Alden Foundation was awarded this construction contract by DuPage County, as recorded on December 3, 2024. The contract value is $5,250,000.
How much is the Alden Foundation contract with DuPage County worth?
The Alden Foundation contract with DuPage County is valued at $5,250,000, covering construction work.
What type of contract is this?
This is a Construction contract, documented as a agenda record.
Where was this contract approved?
This contract appears in DuPage County Home Advisory Group Agenda December 2024 (Agenda), dated December 3, 2024 from DuPage County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Alden Foundation hold?
Alden Foundation 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 DuPage County currently buying?
Explore DuPage County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.