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Hempel Real Estate needs assistance for rental communities.

City of Richfield
Disclosed value
$1,770,000
From agenda
Document date
Jan 14, 2025
Term
15 years

The 30-second brief

What it covers

Hempel Real Estate seeks $1.77M and 4d tax status to preserve affordable rental communities. The funds would limit rent increases and undertake rehabilitation work on the properties.

Who holds it

Hempel Real Estate holds this loan contract with City of Richfield. Its other public contracts on record include work for City of Plymouth and City of Edina.

What happens next

Term as filed: 15 years.

See who signed off on this $1.8M contract.

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Contract details

Contract type
Loan
Amount
$1,770,000
Document date
January 14, 2025
Term
15 years
Vendor
Hempel Real Estate
Agency
City of Richfield
Source document
city-of-richfield-agenda-2025-01-14_e81.pdf (Agenda)

Hempel Real Estate's other public contracts

City of Plymouth, MinnesotaPlymouth Discusses Hempel Real Estate Development Proposal · Sep 29, 2026UndisclosedCity of Plymouth, MinnesotaCouncil Discusses Hempel Real Estate Development Proposal · Sep 29, 2026UndisclosedCity of Plymouth, MinnesotaPlymouth Considers Hempel Real Estate for City Center · Sep 26, 2026UndisclosedCity of Plymouth, MinnesotaPlymouth Considers Hempel Real Estate for City Center · Sep 26, 2026UndisclosedCity of Edina, MinnesotaEdina Selects Hempel Real Estate for Site Redevelopment · Sep 22, 2026UndisclosedAll Hempel Real Estate contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Richfield?

Hempel Real Estate was awarded this loan contract by City of Richfield, as recorded on January 14, 2025. The contract value is $1,770,000.

How much is the Hempel Real Estate contract with City of Richfield worth?

The Hempel Real Estate contract with City of Richfield is valued at $1,770,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-richfield-agenda-2025-01-14_e81.pdf (Agenda), dated January 14, 2025 from City of Richfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hempel Real Estate hold?

Hempel Real Estate 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 City of Richfield currently buying?

Explore City of Richfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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