NYCHA Seeks $23.6M EPC Financing with BAPCC
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Description
NYCHA intends to enter into a Master Equipment Lease-Purchase Agreement with Banc of America Public Capital Corp to finance up to $13.2 million in Energy Conservation Measures under a Self‑Managed Comprehensive Modernization EPC. Repayments of principal and interest will not exceed $23.6 million over a term extending to November 15, 2045, subject to HUD approval.
Contract Details
Contract Amount
$23,600,000.00 (principal and interest repayment not to exceed)
Vendor
BANC OF AMERICA PUBLIC CAPITAL CORP
Agency
New York city Housing Authority, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Contract Term
May 28, 2026 – November 15, 2045 (or nineteen years, five months, and nineteen days from an alternate start date)
Renewal Date
2045-11-15
Renewal Info
Financing term runs for approximately 19 years, 5 months, and 19 days with no renewal options indicated.
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New York City Housing Authority Regular Meeting Agenda April 29 2026
New York City Housing Authority Regular Meeting Agenda April 29 2026
New York City Housing Authority Regular Meeting Agenda April 29 2026
New York City Housing Authority Regular Meeting Agenda April 29 2026
new_york_city_housing_authority_minutes_nov_2025.pdf
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