CONTRACT

Affordable Housing project approved by City Council

Vermillion Housing and Redevelopment Commissi

Disclosed value: $6,000,000; From agenda
Document date: May 12, 2025

What it covers

Stencil Group controls most of the processes required to complete the Affordable Housing project in two phases. They will acquire the lowest interest rate possible. Together, these offer the developer security that would help them weather a drastic change in prices. Stencil Group will also have bonds in place to complete the project if required.

Who holds it

Stencil Group holds this development contract with Vermillion Housing and Redevelopment Commissi. Its other public contracts on record include work for City of Dundas and City of Yankton.

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Contract details

Contract type: Development
Amount: $6,000,000
Document date: May 12, 2025
Term: NA
Vendor: Stencil Group
Agency: Vermillion Housing and Redevelopment Commissi
Source document: vermillion-housing-and-redevelopment-commissi-agenda-2025-05-12_1ca.pdf (Agenda)

Stencil Group's other public contracts

City of Dundas, MinnesotaStencil Group To Build Cannon River Lofts · Aug 23, 2026 City of Yankton, South DakotaStencil Group Receives TID Reimbursement Payment · Jul 27, 2026$45.1K City of Pierre, South DakotaPlanning Commission Recommends Apartment Project by Stencil Group · Apr 27, 2026Undisclosed City of Pierre, South DakotaStencil Group to Build 92-Unit Downtown Apartment Complex · Mar 31, 2026Undisclosed Housing Authority of the Town of Douglas, WyomingURA Development Agreement For Seven Trails Approved · Mar 23, 2026Undisclosed All Stencil Group contractsVendor profile

More Vermillion Housing and Redevelopment Commissi contracts

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Questions about this contract

Who was awarded the development contract by Vermillion Housing and Redevelopment Commissi?

Stencil Group was awarded this development contract by Vermillion Housing and Redevelopment Commissi, as recorded on May 12, 2025. The contract value is $6,000,000.

How much is the Stencil Group contract with Vermillion Housing and Redevelopment Commissi worth?

The Stencil Group contract with Vermillion Housing and Redevelopment Commissi is valued at $6,000,000, covering development work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in vermillion-housing-and-redevelopment-commissi-agenda-2025-05-12_1ca.pdf (Agenda), dated May 12, 2025 from Vermillion Housing and Redevelopment Commissi. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Stencil Group hold?

Stencil Group 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 Vermillion Housing and Redevelopment Commissi currently buying?

Explore Vermillion Housing and Redevelopment Commissi's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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