KeyBank Expands Role in Rainbow Village Financing
Florida Housing Finance CorporationState Housing Authority · Tallahassee, FL- Disclosed value
- $40,500,000 (Rainbow Village construction co-first mortgage); $68,271,000 (permanent first mortgage)
- From agenda
- Document date
- Dec 12, 2025
The 30-second brief
Key Bank National Association has been structured as both construction and permanent lender for Rainbow Village, adding a $40.5 million variable‑rate construction co‑first mortgage and increasing the permanent first mortgage to $68.27 million with 40‑year amortization. The loans are executed under a Fannie Mae MTEB forward bond program.
Key Bank National Association holds this financial services contract with Florida Housing Finance Corporation. Its other public contracts on record include work for Cuyahoga County and Pierce County Fire Protection District #16.
Term as filed: Construction: up to 36 months plus two 6‑month extensions; Permanent: 40‑year amortization, 17‑year term.
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Contract details
- Contract type
- Financial Services
- Amount
- $40,500,000 (Rainbow Village construction co-first mortgage); $68,271,000 (permanent first mortgage)
- Document date
- December 12, 2025
- Term
- Construction: up to 36 months plus two 6‑month extensions; Permanent: 40‑year amortization, 17‑year term
- Source document
- florida_housing_finance_corporation_information_it.pdf (Agenda)
Key Bank National Association's other public contracts
More Florida Housing Finance Corporation contracts
Questions about this contract
Who was awarded the financial services contract by Florida Housing Finance Corporation?
Key Bank National Association was awarded this financial services contract by Florida Housing Finance Corporation, as recorded on December 12, 2025. The contract value is $40,500,000 (Rainbow Village construction co-first mortgage); $68,271,000 (permanent first mortgage).
How much is the Key Bank National Association contract with Florida Housing Finance Corporation worth?
The Key Bank National Association contract with Florida Housing Finance Corporation is valued at $40,500,000 (Rainbow Village construction co-first mortgage); $68,271,000 (permanent first mortgage), 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 florida_housing_finance_corporation_information_it.pdf (Agenda), dated December 12, 2025 from Florida Housing Finance Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Key Bank National Association hold?
Key Bank National Association 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 Florida Housing Finance Corporation currently buying?
Explore Florida Housing Finance Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.