Housing Authority of the City of Columbia, Missouri AgendaPacket Board of Commissioners Meeting 2026-05-20
CHA Expands Line of Credit with First Mid Bank
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Description
The CHA Board approved Resolution 3018 authorizing the CEO to increase the agency’s line of credit with First Mid Bank and Trust to $587,000 at WSJ Prime minus 0.50%. The expanded credit facility will bridge-finance capital projects such as the Bear Creek roof replacement until reimbursements are received.
Contract Details
Contract Amount
Line of credit up to $587,000 at WSJ Prime less 0.50%
Vendor
FIRST MID BANK & TRUST
Agency
Housing Authority of the city of Columbia, MO, MO
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Renewal Info
Action increases existing line of credit limit; specific maturity or renewal provisions not provided.
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ONGOINGIssuing Agency
Housing Authority of the city of Columbia, MO
Local Housing Authority
Columbia, MO
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