Connecticut Department of Housing Awards Construction Contract to Housing Authority of the Town of Greenwich (May 2024)

CHFA approved up to $16.7 million in construction and construction-to-permanent loans for the Housing Authority of the Town of Greenwich's Armstrong Court Phase 4. The project will provide 48 affordable housing units with affordability restrictions for 40 years. The financing includes both taxable bond proceeds and required compliance with affordability requirements.

Scope & details

The full contract record, as filed.

Contract amount

Up to $16,700,000

Contract type

CONSTRUCTION

Contract term

Construction loan: 24 months; Construction-to-permanent loan: 24 months interest-only plus 35 years amortization (total 37 years; affordability restriction: 40 years)

Renewal date

2064-02-28

Renewal

Upon failure to provide requirements by 2025-02-28, the CEO may extend for good cause and with required fees. Loans have prepayment options after years 15 and 20, with a 40-year affordability period.

Document type

Meeting Minutes

Source document

connecticut-department-of-housingmeeting-minutes2024-05-30_df1.pdf

Related contracts

Other contracts from Housing Authority of the Town of Greenwich.

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Connecticut Housing Finance Authority Minutes Board of Directors Meeting No. 644 2026-07-23

APPROVED

Connecticut Department of Housing, ConnecticutConstruction-to-permanent loan not to exceed $17,000,000Jul 23, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Connecticut Department of Housing?

Housing Authority of the Town of Greenwich was awarded this construction contract by Connecticut Department of Housing, as recorded on May 30, 2024. The contract value is Up to $16,700,000.

How much is the Housing Authority of the Town of Greenwich contract with Connecticut Department of Housing worth?

The Housing Authority of the Town of Greenwich contract with Connecticut Department of Housing is valued at Up to $16,700,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in connecticut-department-of-housingmeeting-minutes2024-05-30_df1.pdf (Meeting Minutes), dated May 30, 2024 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Housing Authority of the Town of Greenwich hold?

Housing Authority of the Town of Greenwich 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 Housing Authority of the Town of Greenwich's profile

What is Connecticut Department of Housing currently buying?

Explore Connecticut Department of Housing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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