Redevelopment Authority of the County of Montgomery Minutes April 2026
Brownfields Loan Amended for Laudenslager Campus Project
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Description
The Authority amended its EPA Brownfields Revolving Loan Fund term sheet with Laudenslager Campus Benefit LLC|Schoolhouse Land Condominium, approving a reduced $450,000 loan at 1% interest over seven years. The change lowers the loan from $1.35 million, removes roof replacement from the scope, and revises collateral terms for the Hatfield affordable housing project.
Contract Details
Contract Amount
$450,000
Vendor
LAUDENSLAGER CAMPUS BENEFIT LLC|SCHOOLHOUSE LAND CONDOMINIUM (HATFIELD)
Agency
Montgomery county Housing Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Contract Term
7 years
Renewal Info
Amendment to June 2024 term sheet reduces loan from $1.35M to $450,000, maintains 1% interest and seven-year term, and revises collateral; future construction loan will address roof replacement and associated remediation.
Issuing Agency
Montgomery county Housing Authority
Local Housing Authority
Norristown, PA
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Redevelopment Authority of the County of Montgomery Minutes April 2026
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