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Severn Savings Bank Finances Obery Court 2 Through 2029

Housing Authority of the city of Annapolis logoHousing Authority of the city of Annapolis
Disclosed value
$1,370,972 principal as of 01/31/2026
From agenda
Document date
Apr 28, 2026
Term
Matures 2029
Renews
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The 30-second brief

What it covers

Obery Court 2 remains financed with a $1.37 million hard-debt mortgage from Severn Savings Bank FSB at 6.625% interest, scheduled to mature in 2029. The loan supports the 63-unit tax credit and PBV development.

Who holds it

Severn Savings Bank Fsb holds this financial services contract with Housing Authority of the city of Annapolis.

What happens next

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Contract details

Contract type
Financial Services
Amount
$1,370,972 principal as of 01/31/2026
Document date
April 28, 2026
Term
Matures 2029
Renews
On record
Vendor
Severn Savings Bank Fsb
Agency
Housing Authority of the city of Annapolis
Source document
Housing Authority of the City of Annapolis Board of Commissioners Meeting Agenda April 2026 (Agenda)

Severn Savings Bank Fsb's other public contracts

Housing Authority of the city of Annapolis, MarylandSevern Savings Loan Listed for Obery Court · Oct 27, 2026Housing Authority of the city of Annapolis, MarylandSevern Savings Bank Holds Obery Court 2 Mortgage · Mar 1, 2026All Severn Savings Bank Fsb contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Housing Authority of the city of Annapolis?

Severn Savings Bank Fsb was awarded this financial services contract by Housing Authority of the city of Annapolis, as recorded on April 28, 2026. The contract value is $1,370,972 principal as of 01/31/2026.

How much is the Severn Savings Bank Fsb contract with Housing Authority of the city of Annapolis worth?

The Severn Savings Bank Fsb contract with Housing Authority of the city of Annapolis is valued at $1,370,972 principal as of 01/31/2026, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Housing Authority of the City of Annapolis Board of Commissioners Meeting Agenda April 2026 (Agenda), dated April 28, 2026 from Housing Authority of the city of Annapolis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Severn Savings Bank Fsb hold?

Severn Savings Bank Fsb 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 Housing Authority of the city of Annapolis currently buying?

Explore Housing Authority of the city of Annapolis's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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