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Illinois Housing Development Authority Awards $25,455,000 Financing Contract to Bear Development (November 2025)

Illinois Housing Development Authority logoIllinois Housing Development Authority
Disclosed value
$25,455,000
From minutes
Approved
Nov 21, 2025
Term
Not to exceed amount for financing

The 30-second brief

What it covers

Bear Development awarded $25,455,000 conduit loan financing for Harry Poe Manor rehabilitation project, including tax credits, to support multifamily housing development.

Who holds it

Bear Development holds this financing contract with Illinois Housing Development Authority. Its other public contracts on record include work for Union Grove village and Mount Pleasant village.

What happens next

Term as filed: Not to exceed amount for financing.

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Contract details

Contract type
Financing
Amount
$25,455,000
Document date
November 21, 2025
Term
Not to exceed amount for financing
Vendor
Bear Development
Agency
Illinois Housing Development Authority
Source document
illinois_housing_development_authority_finance_com.pdf (Minutes)

Bear Development's other public contracts

Union Grove village, WisconsinVillage Issues Occupancy Bond Refund to Bear Development · Oct 12, 2026$500Union Grove village, WisconsinBear Development Partnership Reported for Union Grove TID 7 · Oct 5, 2026$40.7KUnion Grove village, WisconsinBear Development Receives Reported TID 7 Grant · Oct 5, 2026$361.7KMount Pleasant village, WisconsinMount Pleasant Plans Development Agreement with Bear Development · Sep 14, 2026UndisclosedMount Pleasant village, WisconsinVillage Discusses Fiona Fields Development Agreement · Sep 14, 2026UndisclosedAll Bear Development contractsVendor profile

More Illinois Housing Development Authority contracts

Renaissance Saint LukeIHDA amends loan terms for Renaissance Saint Luke · Apr 17, 2026UndisclosedRoosevelt School ApartmentTrust Fund Loan modified for Roosevelt School Apartment · Apr 17, 2026UndisclosedWells Fargo Bank National AssociationWells Fargo to underwrite Sandwich Manor bonds · Apr 17, 2026UndisclosedLafayette ApartmentsAdditional Bonds Sought for Lafayette Apartments Project · Apr 17, 2026Dupage & Chicago South Suburbs Habitat for HumanityState tax credits awarded for Park Forest 2026 · Apr 17, 2026All Illinois Housing Development Authority activityAgency profile

Questions about this contract

Who was awarded the financing contract by Illinois Housing Development Authority?

Bear Development was awarded this financing contract by Illinois Housing Development Authority, as recorded on November 21, 2025. The contract value is $25,455,000.

How much is the Bear Development contract with Illinois Housing Development Authority worth?

The Bear Development contract with Illinois Housing Development Authority is valued at $25,455,000, covering financing work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in illinois_housing_development_authority_finance_com.pdf (Minutes), dated November 21, 2025 from Illinois Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bear Development hold?

Bear Development 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 Illinois Housing Development Authority currently buying?

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

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