Loan Terms Amended for Olmsted HRA Trailside Apartments
Minnesota Housing Finance AgencyState Housing Authority · St. Paul, MN- Disclosed value
- $1,595,000 (LMIR loan), $4,665,000 (Bridge Loan)
- From agenda
- Document date
- Apr 24, 2025
- Renews
- Free account
The 30-second brief
Minnesota Housing Board approved a modification to the loan terms with Olmsted County Housing and Redevelopment Authority for Trailside Apartments, reducing the construction term and advancing loan maturity. The LMIR loan remains at $1,595,000 and Bridge Loan at $4,665,000, saving the project substantial interest.
Olmsted County Housing & Redevelopment Authority holds this financial services contract with Minnesota Housing Finance Agency. Its other public contracts on record include work for Olmsted County.
The renewal date is on record. A free account shows it, with the renewals for every Minnesota Housing Finance Agency contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,595,000 (LMIR loan), $4,665,000 (Bridge Loan)
- Document date
- April 24, 2025
- Term
- LMIR: 15 months (construction) plus 40 years; BL: due July 1, 2026; LMIR permanent: 40 years
- Renews
- Free account
- Vendor
- Olmsted County Housing & Redevelopment Authority
- Source document
- minnesota_housing_board_meeting_agenda_april_2025.pdf (Agenda)
Olmsted County Housing & Redevelopment Authority's other public contracts
More Minnesota Housing Finance Agency contracts
Questions about this contract
Who was awarded the financial services contract by Minnesota Housing Finance Agency?
Olmsted County Housing & Redevelopment Authority was awarded this financial services contract by Minnesota Housing Finance Agency, as recorded on April 24, 2025. The contract value is $1,595,000 (LMIR loan), $4,665,000 (Bridge Loan).
How much is the Olmsted County Housing & Redevelopment Authority contract with Minnesota Housing Finance Agency worth?
The Olmsted County Housing & Redevelopment Authority contract with Minnesota Housing Finance Agency is valued at $1,595,000 (LMIR loan), $4,665,000 (Bridge Loan), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in minnesota_housing_board_meeting_agenda_april_2025.pdf (Agenda), dated April 24, 2025 from Minnesota Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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