FINANCIAL_SERVICESRECOMMENDED

SSHPC Loan Recommended for 879 Congress Street Acquisition

State Street Housing Preservation Corporation staff recommend approving a loan of up to $1,200,000 to Portland Housing Development Corporation to acquire 873 & 879 Congress Street for a planned 54‑unit mixed-use workforce housing development. The loan would cover acquisition and carrying costs over an anticipated 24‑month holding period until construction financing closes.

Status
RECOMMENDED
Document date
April 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Portland Housing Development Corporation
Agency
Portsmouth Housing Authority · NH

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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
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
up to $1,200,000
Contract type
FINANCIAL_SERVICES
Contract term
Anticipated holding period 24 months until construction loan closing (CLC)
Renewal
Single acquisition and predevelopment loan for up to $1,200,000 with carrying costs expected to be reimbursed at construction loan closing; no formal renewal terms described.
Document type
AgendaPacket
Source document
State Street Housing Preservation Corporation Board Meeting Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Portsmouth Housing Authority?

Portland Housing Development Corporation was awarded this financial services contract by Portsmouth Housing Authority, as recorded on April 2, 2026. The contract value is up to $1,200,000.

How much is the Portland Housing Development Corporation contract with Portsmouth Housing Authority worth?

The Portland Housing Development Corporation contract with Portsmouth Housing Authority is valued at up to $1,200,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in State Street Housing Preservation Corporation Board Meeting Agenda April 2026 (AgendaPacket), dated April 2, 2026 from Portsmouth Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Portland Housing Development Corporation hold?

Portland Housing Development Corporation 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 Portland Housing Development Corporation's profile

What is Portsmouth Housing Authority currently buying?

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

View Portsmouth Housing Authority's profile

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