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Affordable housing project secured $470,000 loan

Town of Newport
Disclosed value
$470,000
From agenda
Document date
Jul 7, 2025

The 30-second brief

What it covers

Loan of up to $470,000 from Community Development Block Grant (CDBG) funds to Elm Grove Companies, or a related entity, to acquire property and/or construct 55 units of affordable housing at Hale Crossing, 21 Cross St, Newport, NH.

Who holds it

Elm Grove holds this loan contract with Town of Newport. Its other public contracts on record include work for Town of Salem and Housing Authority of the city of Rochester NH.

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Contract details

Contract type
Loan
Amount
$470,000
Document date
July 7, 2025
Term
NA
Vendor
Elm Grove
Agency
Town of Newport
Source document
town_of_newport_board_of_selectmen_agenda_july_7_2.pdf (Agenda)

Elm Grove's other public contracts

Town of Newport, New HampshireElm Grove Agent Role in Lot Line Adjustment Affirmed · Dec 3, 2025UndisclosedTown of Newport, New HampshireLot line adjustment approved for Elm Grove Companies · Oct 27, 2025UndisclosedTown of Newport, New HampshireLot Line Adjustment for Elm Grove Companies · Oct 27, 2025UndisclosedTown of Salem, New HampshireElm Grove to design landscape of Tuscan Village · Jun 24, 2025UndisclosedHousing Authority of the city of Rochester NH, New HampshireElm Grove Companies appeal under review · Jun 3, 2025UndisclosedAll Elm Grove contractsVendor profile

More Town of Newport contracts

NEMBANewport Selectmen to Consider NEMBA Agreement · Sep 21, 2026UndisclosedAndover Outing ClubLicensing Agreement with Andover Outing Club on Agenda · Aug 3, 2026UndisclosedUpper Valley Lake Sunapee Region Planning CommissionPlanning Commission Discusses Newport Master Plan Draft · Jul 22, 2026UndisclosedNew Hampshire Homeland SecurityPolice Intelligence Grant Extended to August 2028 · Jul 20, 2026$50KNew Hampshire Department of SafetyTown Accepts $210K Northern Shield Safety Grant · Jul 20, 2026All Town of Newport activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Newport?

Elm Grove was awarded this loan contract by Town of Newport, as recorded on July 7, 2025. The contract value is $470,000.

How much is the Elm Grove contract with Town of Newport worth?

The Elm Grove contract with Town of Newport is valued at $470,000, 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 town_of_newport_board_of_selectmen_agenda_july_7_2.pdf (Agenda), dated July 7, 2025 from Town of Newport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Elm Grove hold?

Elm Grove 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 Town of Newport currently buying?

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

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