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IDF Provides $1M Pre-Development Loan for Ravenfield

City of Brighton
Disclosed value
$1,000,000.00
From agenda
Document date
Aug 7, 2025
Term
24 months

The 30-second brief

What it covers

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.

Who holds it

Impact Development holds this loan contract with City of Brighton. Its other public contracts on record include work for Town of Monrovia and City of Glenwood Springs.

What happens next

Term as filed: 24 months.

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Contract details

Contract type
Loan
Amount
$1,000,000.00
Document date
August 7, 2025
Term
24 months
Vendor
Impact Development
Agency
City of Brighton
Source document
brighton-housing-authority-board-meeting-agenda-august-7-2025_4ac.pdf (Agenda)

Impact Development's other public contracts

Town of Monrovia, IndianaRezoning Action on Eagle Pointe for Impact Dev. · Mar 24, 2026UndisclosedCity of Glenwood Springs, ColoradoCity Ends Housing Program Administered by Impact Development · Mar 5, 2026UndisclosedDivision of Housing, ColoradoImpact Development Fund recommended $12M AHOP grant · Nov 4, 2025$12MCity of Brighton, ColoradoLoan approved for Ravenfield Project from Impact Fund · Aug 7, 2025UndisclosedCity of Brighton, ColoradoBrighton Housing Authority to get $1M loan · Aug 7, 2025$1MAll Impact Development contractsVendor profile

More City of Brighton contracts

Colorado Department of Local AffairsBHA Seeks $1M Grant for Ravenfield Housing Development · Aug 7, 2025$1MRatna GroupRatna Group applies for liquor license. · Aug 6, 2025UndisclosedLightfield EnterprisesLightfield Enterprises awarded $512,575 contract · Aug 5, 2025$512.6KA1 ChipsealA-1 Chipseal Company awarded $2,607,724 contract · Aug 5, 2025$2.6MRiver North TransitRiver North Transit, LLC awarded $800,000 contract · Aug 5, 2025$800KAll City of Brighton activityAgency profile

Questions about this contract

Who was awarded the loan contract by City of Brighton?

Impact Development was awarded this loan contract by City of Brighton, as recorded on August 7, 2025. The contract value is $1,000,000.00.

How much is the Impact Development contract with City of Brighton worth?

The Impact Development contract with City of Brighton is valued at $1,000,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in brighton-housing-authority-board-meeting-agenda-august-7-2025_4ac.pdf (Agenda), dated August 7, 2025 from City of Brighton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Impact Development hold?

Impact Development 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 City of Brighton currently buying?

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

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