Town of Needham Community Preservation Committee Meeting Agenda November 12 2025
NHA Seeks LISC Loans to Bridge SBW Funding
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Description
NHA has applied to LISC for a $350,000 pre-development loan and a $1.1 million bridge loan to bridge project costs before permanent financing closes for Seabeds Way.
Contract Details
Contract Amount
$350,000 pre-development loan; $1,100,000 bridge loan (applications submitted October 2025)
Vendor
LISC
Agency
Town of Needham, MA
Contract Type
FINANCIAL_SERVICES
Document Date
November 12, 2025
Contract Term
To support pre-development and bridge project financing; likely through July 2026 financial closing
Renewal Date
2026-07-31
Renewal Info
Applications pending; final approval may coincide with project due diligence and finance plan in early 2026.
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