FINANCIAL_SERVICESPENDING

County to settle DHCD housing loan via workout agreement

The Maryland Department of Housing and Community Development is negotiating a Workout Agreement with Allegany County for the Scattered Sites Housing Program. The County would pay $75,065.91 by June 18, 2023 to retire the state housing loan and receive clear title to the two remaining rental properties while providing specified protections to current tenants.

Status
PENDING
Document date
May 25, 2023
Contract type
FINANCIAL_SERVICES
Vendor
Maryland Department of Housing and Community Development
Agency
Mccoole Special Taxing Area · MD

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$75,065.91
Contract type
FINANCIAL_SERVICES
Contract term
Workout Agreement effective upon execution; DHCD requests payment by June 18, 2023
Renewal date
2023-06-18
Renewal
This is a payoff and workout of the original Partnership Rental Housing Program loan rather than a renewal; upon payment and agreement execution, the loan obligation will be terminated and ownership transferred.
Document type
Agenda
Source document
Allegany County Public Business Meeting Agenda May 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Mccoole Special Taxing Area?

Maryland Department of Housing and Community Development was awarded this financial services contract by Mccoole Special Taxing Area, as recorded on May 25, 2023. The contract value is $75,065.91.

How much is the Maryland Department of Housing and Community Development contract with Mccoole Special Taxing Area worth?

The Maryland Department of Housing and Community Development contract with Mccoole Special Taxing Area is valued at $75,065.91, 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 Allegany County Public Business Meeting Agenda May 2023 (Agenda), dated May 25, 2023 from Mccoole Special Taxing Area. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maryland Department of Housing and Community Development hold?

Maryland Department of Housing and Community Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Maryland Department of Housing and Community Development's profile

What is Mccoole Special Taxing Area currently buying?

Explore Mccoole Special Taxing Area's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Mccoole Special Taxing Area's profile

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