brighton-housing-authority-board-meeting-agenda-august-7-2025_4ac.pdf
IDF Provides $1M Pre-Development Loan for Ravenfield
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Description
Brighton Housing Authority is set to receive a pre-development loan of up to $1,000,000 from Impact Development Fund, with an interest rate of 6.50% and a term of up to 24 months. The loan aims to finance the pre-development soft costs of a 46-unit affordable apartment project, Ravenfield, in Brighton, Colorado. Expected equity closing in Q2 2026.
Contract Details
Contract Amount
$1,000,000.00
Vendor
IMPACT DEVELOPMENT
Agency
City of Brighton, AL
Contract Type
Loan
Document Date
August 7, 2025
Contract Term
24 months
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