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Oak Ridge Housing Authority Awards $66,000,000 Lease Agreement Contract to Hp 256005 Oak Ridge (November 2025)

Oak Ridge Housing Authority logoOak Ridge Housing Authority
Disclosed value
$66,000,000.00
From agenda
Approved
Nov 3, 2025
Term
10 years

The 30-second brief

What it covers

Industrial Development Board of Oak Ridge has approved a lease agreement with HP-256005 Oak Ridge, LLC for a 378-unit multifamily housing facility. The project, located on Mitchell Road, involves capital expenditures of at least $66 million and includes a 10-year payment in lieu of tax (PILOT) program to encourage affordable housing in the community.

Who holds it

Hp 256005 Oak Ridge holds this lease agreement contract with Oak Ridge Housing Authority. Its other public contracts on record include work for Oak Ridge City School District and City of Oak Ridge.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Lease Agreement
Amount
$66,000,000.00
Document date
November 3, 2025
Term
10 years
Vendor
Hp 256005 Oak Ridge
Agency
Oak Ridge Housing Authority
Source document
industrial_development_board_regular_meeting_agend.pdf (Agenda)

Hp 256005 Oak Ridge's other public contracts

Oak Ridge Housing Authority, TennesseeLease agreement approved for HP-256005 Oak Ridge, LLC housing project · Dec 1, 2025UndisclosedOak Ridge City School District, TennesseeHP-256005 Oak Ridge, LLC 10-year PILOT lease approved · Nov 3, 2025UndisclosedCity of Oak Ridge, TennesseeHP-256005 Oak Ridge, LLC receives 10-year tax abatement · Nov 3, 2025UndisclosedCity of Oak Ridge, TennesseeHillpointe Apartments Receives Approval for PILOT Request. · Oct 6, 2025Oak Ridge City School District, TennesseeHP-256005 Oak Ridge Gets $50K Tax Break · Oct 6, 2025$50KAll Hp 256005 Oak Ridge contractsVendor profile

More Oak Ridge Housing Authority contracts

Bwxt Enrichment Operations LLCIDB Accepts Increased $1.2M Grant for BWXT Project · Aug 3, 2026Us Department of EnergyIDB Accepts DOE Transfer of 3.54-Acre ED-20C Tract · Aug 3, 2026Industrial Development Board of the City of Oak RidgeIDB Authorized to Execute $1.2M State Grant Agreement · Aug 3, 2026Royster, Samantha WIDB Increases 2026 Administrative Support Contract Amount · Aug 3, 2026Bwxt Enrichment Operations LLCGrant for BWXT Project Increased to $1.2 Million · Jul 6, 2026$1.2MAll Oak Ridge Housing Authority activityAgency profile

Questions about this contract

Who was awarded the lease agreement contract by Oak Ridge Housing Authority?

Hp 256005 Oak Ridge was awarded this lease agreement contract by Oak Ridge Housing Authority, as recorded on November 3, 2025. The contract value is $66,000,000.00.

How much is the Hp 256005 Oak Ridge contract with Oak Ridge Housing Authority worth?

The Hp 256005 Oak Ridge contract with Oak Ridge Housing Authority is valued at $66,000,000.00, covering lease agreement work.

What type of contract is this?

This is a Lease Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in industrial_development_board_regular_meeting_agend.pdf (Agenda), dated November 3, 2025 from Oak Ridge Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hp 256005 Oak Ridge hold?

Hp 256005 Oak Ridge 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 Oak Ridge Housing Authority currently buying?

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

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