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PNC Bank awarded $48M interest rate cap contract

Riverhead Housing Development Corproration logoRiverhead Housing Development Corproration
Disclosed value
$48,045,000
From report
Document date
May 27, 2025
Term
November 1, 2014 – November 1, 2033

The 30-second brief

What it covers

PNC Bank holds an interest rate cap contract valued at $48,045,000 effective from November 1, 2014 to November 1, 2033, providing risk management for variable rate exposure.

Who holds it

Pnc Bank N.A. holds this interest rate hedge contract with Riverhead Housing Development Corproration. Its other public contracts on record include work for Housing Opprty Com Of Montgomery Co and Bristol Township SD.

What happens next

Term as filed: November 1, 2014 – November 1, 2033.

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Contract details

Contract type
Interest Rate Hedge
Amount
$48,045,000
Document date
May 27, 2025
Term
November 1, 2014 – November 1, 2033
Vendor
Pnc Bank N.A.
Agency
Riverhead Housing Development Corproration
Source document
riverhead-housing-debt-report-issuances-redemptions-may-27-2025_7a2.pdf (Report)

Pnc Bank N.A.'s other public contracts

Housing Opprty Com Of Montgomery Co, MarylandHOC Extends Banking Services Contract With PNC Bank · Oct 12, 2026UndisclosedBristol Township SD, PennsylvaniaPNC Bank Serves as Official IU Depository · Jul 1, 2026Undisclosedcity OF ALAMEDA HOUSING AUTHORITY, CaliforniaAHA Approves PNC Loan Payoff Strategy · Jun 17, 2026city OF ALAMEDA HOUSING AUTHORITY, CaliforniaRefinance Strategy for Eagle and Parrot Village Loan · May 20, 2026Housing Opprty Com Of Montgomery Co, MarylandHOC Expands PNC Bond Refunding Credit Capacity · May 13, 2026All Pnc Bank N.A. contractsVendor profile

More Riverhead Housing Development Corproration contracts

Bofa SecuritiesBofA Securities, Inc. to underwrite $2025 Housing Impact Bonds · Aug 1, 2025UndisclosedRaymond James & Associates IncRaymond James & Associates Co-Senior Managing Underwriter for 2025 Bonds · Aug 1, 2025UndisclosedBofa SecuritiesBofA Securities, Inc. bond purchase agreement for 2025 Housing Impact Bonds · Jul 1, 2025UndisclosedNyc Housing DevelopmentHDC supports REMIC mortgage insurance portfolio worth $475 million · May 27, 2025UndisclosedGoldman Sachs MmdpGoldman Sachs awarded $45M interest rate cap contract · May 27, 2025$45MAll Riverhead Housing Development Corproration activityAgency profile

Questions about this contract

Who was awarded the interest rate hedge contract by Riverhead Housing Development Corproration?

Pnc Bank N.A. was awarded this interest rate hedge contract by Riverhead Housing Development Corproration, as recorded on May 27, 2025. The contract value is $48,045,000.

How much is the Pnc Bank N.A. contract with Riverhead Housing Development Corproration worth?

The Pnc Bank N.A. contract with Riverhead Housing Development Corproration is valued at $48,045,000, covering interest rate hedge work.

What type of contract is this?

This is a Interest Rate Hedge contract, documented as a report record.

Where was this contract approved?

This contract appears in riverhead-housing-debt-report-issuances-redemptions-may-27-2025_7a2.pdf (Report), dated May 27, 2025 from Riverhead Housing Development Corproration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Pnc Bank N.A. hold?

Pnc Bank N.A. 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 Riverhead Housing Development Corproration currently buying?

Explore Riverhead Housing Development Corproration's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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