DuPage County Awards Construction Contract to Alden Foundation (May 2024)
DuPage CountyCounty · Wheaton, IL- Disclosed value
- $5,250,000 (County HOME loan), $25,816,115 (total project cost)
- From agenda
- Approved
- May 7, 2024
- Renews
- Free account
The 30-second brief
Du Page County approved a $5,250,000 conditional HOME Program loan at 0% interest to Alden Foundation for the construction of Addison Horizon Senior Living Community, a 62-unit affordable senior rental housing project in Addison, IL. The loan spans 40 years with strict affordability requirements for residents.
Alden Foundation holds this construction contract with DuPage County.
The renewal date is on record. A free account shows it, with the renewals for every DuPage County contract.
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Contract details
- Contract type
- Construction
- Amount
- $5,250,000 (County HOME loan), $25,816,115 (total project cost)
- Document date
- May 7, 2024
- Term
- 40-year loan at 0% interest, with annual payments of $36,000 and balloon payment at maturity; 20-year HOME Affordability period + 20-year County-imposed Extended Use Period (total 40 years)
- Renews
- Free account
- Vendor
- Alden Foundation
- Agency
- DuPage County
- Source document
- Du Page County Home Advisory Group Meeting Agenda May 2024 (Agenda)
Alden Foundation's other public contracts
More DuPage County contracts
Questions about this contract
Who was awarded the construction contract by DuPage County?
Alden Foundation was awarded this construction contract by DuPage County, as recorded on May 7, 2024. The contract value is $5,250,000 (County HOME loan), $25,816,115 (total project cost).
How much is the Alden Foundation contract with DuPage County worth?
The Alden Foundation contract with DuPage County is valued at $5,250,000 (County HOME loan), $25,816,115 (total project cost), covering construction work.
What type of contract is this?
This is a Construction contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Du Page County Home Advisory Group Meeting Agenda May 2024 (Agenda), dated May 7, 2024 from DuPage County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Alden Foundation hold?
Alden Foundation 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 DuPage County currently buying?
Explore DuPage County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.