FINANCIAL_SERVICESAPPROVED

Pennsylvania Housing Finance Agency Awards Financial Services Contract to Orbach Affordable Housing Solutions Llc (October 2025)

PHFA’s $24 million Sandy Hill Terrace bond authorization allows borrowing by Lighthouse Sandy Hill, LLC or another affiliate of Orbach Affordable Housing Solutions LLC. The sponsor will use the financing to acquire and rehabilitate affordable senior housing in Norristown.

Status
APPROVED
Document date
October 9, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Orbach Affordable Housing Solutions Llc
Agency
Pennsylvania Housing Finance Agency · PA

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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
Not to exceed $24,000,000 (indirect, via affiliate Lighthouse Sandy Hill, LLC)
Contract type
FINANCIAL_SERVICES
Contract term
Up to 20 years after bond issuance; commitment to serve low income tenants for at least 35 years
Renewal
Financing includes a requirement to serve low income tenants for at least 35 years; bonds mature in up to 20 years with standard bond redemption features.
Document type
Minutes
Source document
pennsylvania_housing_finance_agency_board_meeting.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Pennsylvania Housing Finance Agency?

Orbach Affordable Housing Solutions Llc was awarded this financial services contract by Pennsylvania Housing Finance Agency, as recorded on October 9, 2025. The contract value is Not to exceed $24,000,000 (indirect, via affiliate Lighthouse Sandy Hill, LLC).

How much is the Orbach Affordable Housing Solutions Llc contract with Pennsylvania Housing Finance Agency worth?

The Orbach Affordable Housing Solutions Llc contract with Pennsylvania Housing Finance Agency is valued at Not to exceed $24,000,000 (indirect, via affiliate Lighthouse Sandy Hill, LLC), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in pennsylvania_housing_finance_agency_board_meeting.pdf (Minutes), dated October 9, 2025 from Pennsylvania Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Orbach Affordable Housing Solutions Llc hold?

Orbach Affordable Housing Solutions Llc 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 Orbach Affordable Housing Solutions Llc's profile

What is Pennsylvania Housing Finance Agency currently buying?

Explore Pennsylvania Housing Finance Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Pennsylvania Housing Finance Agency's profile

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