Connecticut Department of Housing Awards Financial Services Contract to Trinity Financial Inc (January 2024)
Connecticut Department of HousingLocal Housing Authority · Hartford, CT- Disclosed value
- Up to $15,200,000 (Section A 4%) + up to $1,000,000 additional loan; total potential not to exceed $16,200,000
- From minutes
- Approved
- Jan 31, 2024
The 30-second brief
The Board approved mortgage financing of up to $15.2M plus an additional $1M loan for Trinity Financial, Inc. for affordable housing at 85 Tremont Street, Meriden (Section A 4%).
Trinity Financial Inc holds this financial services contract with Connecticut Department of Housing. Its other public contracts on record include work for Rhode Island Housing and Westchester County.
Term as filed: Construction loan: 24 months; Construction-to-permanent loan: 24 months interest only, then 35 years amortized; Additional Loan: up to 37 years; all financing to close before October 31, 2024.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $15,200,000 (Section A 4%) + up to $1,000,000 additional loan; total potential not to exceed $16,200,000
- Document date
- January 31, 2024
- Term
- Construction loan: 24 months; Construction-to-permanent loan: 24 months interest only, then 35 years amortized; Additional Loan: up to 37 years; all financing to close before October 31, 2024
- Vendor
- Trinity Financial Inc
- Source document
- connecticut-housing-finance-authority-board-minutes-january-31-2024_b5f.pdf (Minutes)
Trinity Financial Inc's other public contracts
More Connecticut Department of Housing contracts
Questions about this contract
Who was awarded the financial services contract by Connecticut Department of Housing?
Trinity Financial Inc was awarded this financial services contract by Connecticut Department of Housing, as recorded on January 31, 2024. The contract value is Up to $15,200,000 (Section A 4%) + up to $1,000,000 additional loan; total potential not to exceed $16,200,000.
How much is the Trinity Financial Inc contract with Connecticut Department of Housing worth?
The Trinity Financial Inc contract with Connecticut Department of Housing is valued at Up to $15,200,000 (Section A 4%) + up to $1,000,000 additional loan; total potential not to exceed $16,200,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in connecticut-housing-finance-authority-board-minutes-january-31-2024_b5f.pdf (Minutes), dated January 31, 2024 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Trinity Financial Inc hold?
Trinity Financial Inc 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 Connecticut Department of Housing currently buying?
Explore Connecticut Department of Housing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.