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Somerville Housing Authority Provides Development Loan to Capen Court

Housing Authority of the city of Summerville
Disclosed value
$6,500,000 (principal outstanding, development loan)
From report
Document date
May 30, 2024
Term
Maturity December 2048
Renews
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The 30-second brief

What it covers

Somerville Housing Authority supports Capen Court, LLC with a $6.5 million development mortgage loan, principal and accrued interest due in 2048, at 3% interest.

Who holds it

Somerville Housing Authority holds this financial services contract with Housing Authority of the city of Summerville. Its other public contracts on record include work for Somerville Housing Authority and Housing Authority of the city of Prescott.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Housing Authority of the city of Summerville contract.

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Contract details

Contract type
Financial Services
Amount
$6,500,000 (principal outstanding, development loan)
Document date
May 30, 2024
Term
Maturity December 2048
Renews
Free account
Vendor
Somerville Housing Authority
Agency
Housing Authority of the city of Summerville
Source document
housing-authority-of-the-city-of-summerville-report-2024-05-30_379.pdf (Report)

Somerville Housing Authority's other public contracts

Somerville Housing Authority, MassachusettsPromissory Note Payment to Somerville Housing Authority · May 21, 2026UndisclosedHousing Authority of the city of Prescott, ArkansasIncrease management fee to Somerville Housing Authority · Apr 17, 2025$97.3KHousing Authority of the city of Summerville, GeorgiaCapen Court Approves Increase of Management Fee · Apr 17, 2025$97.3KSomerville Housing Authority, MassachusettsSomerville Housing Authority Increases Management Fee · Apr 17, 2025$97.3KHousing Authority of the city of Prescott, ArkansasSHA Maintains 99-Year Lease for Capen Court Site · May 30, 2024$1 per yearAll Somerville Housing Authority contractsVendor profile

More Housing Authority of the city of Summerville contracts

DAVIDSONDavidson Company considered for Capen Court Thermostat replacement · Jun 26, 2025UndisclosedGcg Associates Inc.GCG Associates for Bryant Manor parking lot repavement · Jun 26, 2025UndisclosedDominion Due DiligenceDominion Group considered for Mystic View assessment · May 29, 2025UndisclosedDominion Due DiligenceDominion for Mystic View Capital Needs Assessment · May 29, 2025UndisclosedDominion Due DiligenceDominion Group awarded $9,995 for capital assessment · May 29, 2025$10KAll Housing Authority of the city of Summerville activityAgency profile

Questions about this contract

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

Somerville Housing Authority was awarded this financial services contract by Housing Authority of the city of Summerville, as recorded on May 30, 2024. The contract value is $6,500,000 (principal outstanding, development loan).

How much is the Somerville Housing Authority contract with Housing Authority of the city of Summerville worth?

The Somerville Housing Authority contract with Housing Authority of the city of Summerville is valued at $6,500,000 (principal outstanding, development loan), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in housing-authority-of-the-city-of-summerville-report-2024-05-30_379.pdf (Report), dated May 30, 2024 from Housing Authority of the city of Summerville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Somerville Housing Authority hold?

Somerville Housing Authority 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 Summerville currently buying?

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

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