FINANCIAL_SERVICESAWARDED

the-housing-authority-of-attala-countymeeting-minutes2024-11-21_933.pdf

$3.8 Million Gap Financing Awarded to Beacon Communities for First & Market

Not to exceed $3,800,000 (MTW Gap Financing grant)The Housing Authority of Attala countyBEACON COMMUNITIES LLCNovember 21, 2024

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Description

The HACP Board committed up to $3,800,000 in MTW Gap Financing, via ARMDC, to Beacon Communities, LLC for the First & Market project, an adaptive reuse development creating 93 units of affordable senior housing in Downtown Pittsburgh.

Contract Details

Contract Amount

Not to exceed $3,800,000 (MTW Gap Financing grant)

Vendor

BEACON COMMUNITIES LLC

Agency

The Housing Authority of Attala county, MS

Contract Type

FINANCIAL_SERVICES

Document Date

November 21, 2024

Renewal Info

Funding is contingent on final HUD approval and is structured as a construction and permanent loan to the project's ownership entity; repayment from project cash flow. Initial contingent commitment via Resolution 92-2023.

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DISCUSSED

City of New Haven (Connecticut)October 28, 2025

the-housing-authority-of-the-city-of-pittsburghmeeting-minutes2024-11-21_a4b.pdf

APPROVED

The Housing Authority of the city of Picayune (Mississippi)Not to exceed $3,800,000 (gap financing commitment)November 21, 2024

Issuing Agency

The Housing Authority of Attala county

Local Housing Authority

Kosciusko, MS

View agency profile

Vendor