City of Torrington City Council & WPCA Special Meeting Agenda Packet 2026-06-17
Subordination Agreement with Northwest Community Bank Considered
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Description
The City Council is considering approval of a subordination agreement with Northwest Community Bank to enable a $30,000 home equity line of credit for a resident, following a previous similar agreement in 2023.
Contract Details
Contract Amount
$30,000
Vendor
NORTHWEST COMMUNITY BANK
Agency
Torrington Housing Authority, CT
Contract Type
FINANCIAL_SERVICES
Document Date
June 17, 2026
Renewal Info
Subordination was previously granted to Northwest Community Bank in June 2023. Current request updates the lender's lien position for a new $30,000 loan.
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