FINANCIAL_SERVICESAPPROVED

Town of Norwich Awards $51,000 Financial Services Contract to Twin Pines Housing Trust (June 2026)

The Selectboard approved a $51,000 zero-interest, 12-year loan from the Affordable Housing Revolving Fund to Twin Pines Housing Trust for the Starlake Village project. Payments will be deferred for two years and then repaid over ten years under a formal loan repayment contract with the Town.

Status
APPROVED
Document date
June 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Twin Pines Housing Trust
Agency
Town of Norwich · VT

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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
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
$51,000
Contract type
FINANCIAL_SERVICES
Contract term
12 years at 0% interest, no payments first 2 years, then 10-year repayment period
Renewal date
2038-06-10
Renewal
Single 12-year loan term with 2-year payment deferral followed by 10-year repayment; no security required. No renewal options mentioned.
Document type
Minutes
Source document
Town of Norwich Selectboard Minutes 2026-06-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Norwich?

Twin Pines Housing Trust was awarded this financial services contract by Town of Norwich, as recorded on June 10, 2026. The contract value is $51,000.

How much is the Twin Pines Housing Trust contract with Town of Norwich worth?

The Twin Pines Housing Trust contract with Town of Norwich is valued at $51,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Norwich Selectboard Minutes 2026-06-10 (Minutes), dated June 10, 2026 from Town of Norwich. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Twin Pines Housing Trust hold?

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

View Twin Pines Housing Trust's profile

What is Town of Norwich currently buying?

Explore Town of Norwich's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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