CONTRACTPENDING

Richfield Considers $1.485M Assistance For Housing Project

Disclosed value: $1,485,000; From meeting minutes
Document date: Feb 18, 2025

What it covers

City of Richfield contemplates providing $1.485 million in financial assistance to Penn Station Apartments LLLP for an affordable housing project at 6501-25 Penn Avenue South, aiming to provide 40 units of affordable housing. This may include a grant, loan, and/or reduced land price, contingent on environmental reviews.

Who holds it

Penn Station Apartments holds this financial assistance contract with Richfield Hra. Its other public contracts on record include work for City of Richfield.

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Contract details

Contract type: Financial Assistance
Amount: $1,485,000
Document date: February 18, 2025
Term: NA
Vendor: Penn Station Apartments
Agency: Richfield Hra
Source document: richfield-hra-meeting-minutes-2025-02-18_559.pdf (Meeting Minutes)

Penn Station Apartments's other public contracts

Richfield Hra, MinnesotaLoan Agreement consideration for Penn Station Apartments · Sep 15, 2025Undisclosed City of Richfield, MinnesotaRichfield Approves $850K Loan for Affordable Housing Project · Aug 26, 2025$850K City of Richfield, MinnesotaPenn Station Apartments Loan Agreement Approval · Aug 26, 2025Undisclosed Richfield Hra, MinnesotaHRA and Penn Station sign redevelopment agreement · Jul 21, 2025$1 Richfield Hra, MinnesotaPenn Station Apartments $1 land sale and redevelopment contract approved · Jun 16, 2025$1 All Penn Station Apartments contractsVendor profile

More Richfield Hra contracts

Veap IncRichfield HRA Executes 2026 Rental Assistance Agreement with VEAP · Jan 20, 2026$50K VEAPHRA Funds VEAP for Emergency Rental Assistance in 2026 · Jan 20, 2026$50K Minnesota Department of TransportationHRA to Grant MnDOT Temporary Construction Access · Jan 20, 2026Undisclosed VEAPVEAP Emergency Rental Assistance Agreement Considered by HRA · Jan 20, 2026$50K Minnesota Department of TransportationMnDOT Granted Access for Sidewalk Rebuild on HRA Property · Jan 20, 2026Undisclosed All Richfield Hra activityAgency profile

Questions about this contract

Who was awarded the financial assistance contract by Richfield Hra?

Penn Station Apartments was awarded this financial assistance contract by Richfield Hra, as recorded on February 18, 2025. The contract value is $1,485,000.

How much is the Penn Station Apartments contract with Richfield Hra worth?

The Penn Station Apartments contract with Richfield Hra is valued at $1,485,000, covering financial assistance work.

What type of contract is this?

This is a Financial Assistance contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in richfield-hra-meeting-minutes-2025-02-18_559.pdf (Meeting Minutes), dated February 18, 2025 from Richfield Hra. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Penn Station Apartments hold?

Penn Station Apartments 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 Richfield Hra currently buying?

Explore Richfield Hra's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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