City Approves $2.88M Loan and Land Lease to BRAD for Duplex Village
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Description
Raleigh City Council approved a conditional $2,880,000 affordable housing bond loan to BRAD for the Duplex Village affordable rental project and authorized a ground lease of the site. Staff will finalize and execute the associated loan and lease documents as gap financing for the development.
Contract Details
Contract Amount
$2,880,000
Vendor
BRAD
Agency
City of Raleigh, NC
Contract Type
FINANCIAL_SERVICES
Document Date
January 6, 2026
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