CONSTRUCTIONAPPROVED

Chesapeake Redevelopment & Housing Authority Awards Construction Contract to FAIRSTEAD (November 2025)

The Chesapeake Redevelopment and Housing Authority Board approved a development agreement with Fairstead for the acquisition and renovation of Landmark Apartments, supported by tax-exempt bonds totaling up to $16,002,290. The purchase price is $8 million with closing scheduled by November 18, 2025.

Status
APPROVED
Document date
November 5, 2025
Contract type
CONSTRUCTION
Vendor
FAIRSTEAD
Agency
Chesapeake Redevelopment & Housing Authority · VA

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Purchase price of $8 million; bonds up to $16,002,290 (taxable amount $8,800,000)
Contract type
CONSTRUCTION
Renewal date
2025-11-18
Renewal
No financial contribution from Authority projected; bond issuance fees to Authority. Scheduled project closing by November 18, 2025. No information on renewals or extensions.
Document type
Minutes
Source document
Chesapeake Redevelopment and Housing Authority Minutes November 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Chesapeake Redevelopment & Housing Authority?

FAIRSTEAD was awarded this construction contract by Chesapeake Redevelopment & Housing Authority, as recorded on November 5, 2025. The contract value is Purchase price of $8 million; bonds up to $16,002,290 (taxable amount $8,800,000).

How much is the FAIRSTEAD contract with Chesapeake Redevelopment & Housing Authority worth?

The FAIRSTEAD contract with Chesapeake Redevelopment & Housing Authority is valued at Purchase price of $8 million; bonds up to $16,002,290 (taxable amount $8,800,000), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Chesapeake Redevelopment and Housing Authority Minutes November 2025 (Minutes), dated November 5, 2025 from Chesapeake Redevelopment & Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FAIRSTEAD hold?

FAIRSTEAD may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Chesapeake Redevelopment & Housing Authority currently buying?

Explore Chesapeake Redevelopment & Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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