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Delaware County Awards Financial Services Contract to Pennrose Properties (February 2025)

Delaware County logoDelaware County
Disclosed value
$4,257,765.00 (loan commitment)
From agenda
Approved
Feb 5, 2025
Term
40-year loan term at 0% deferred rate
Renews
Free account

The 30-second brief

What it covers

Delaware County Council issued a funding Letter of Intent committing a $4,257,765.00 HOME-funded loan to Pennrose Properties for the redevelopment of Greenhill Court in Darby Township. The 0% deferred-interest loan will run for 40 years to support new affordable 1-, 2-, and 3-bedroom apartments.

Who holds it

Pennrose Properties holds this financial services contract with Delaware County. Its other public contracts on record include work for City of Albany and Borough of West Chester.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Delaware County contract.

Renewal date on recordLocked

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Contract details

Contract type
Financial Services
Amount
$4,257,765.00 (loan commitment)
Document date
February 5, 2025
Term
40-year loan term at 0% deferred rate
Renews
Free account
Vendor
Pennrose Properties
Agency
Delaware County
Source document
Delaware County Council Regular Meeting Agenda February 5, 2025 (Agenda)

Pennrose Properties's other public contracts

Delaware County, PennsylvaniaCounty Commits $4.26M HOME Loan to Pennrose Project · Feb 18, 2025$4.3MCity of Albany, GeorgiaPennrose Properties Finalizes Housing Renovations · Jun 30, 2024UndisclosedBorough of West Chester, PennsylvaniaCouncil To Consider Housing Deal With Pennrose · Apr 16, 2024UndisclosedBorough of West Chester, PennsylvaniaPennrose Housing Proposal for Lot 10 to Be Discussed · Apr 10, 2024UndisclosedDelaware County, PennsylvaniaCounty Commits $4.26M HOME Loan to Pennrose for Greenhill Court · Jan 2, 2024All Pennrose Properties contractsVendor profile

More Delaware County contracts

D'antonio Excavating IncCounty Approves Fair Acres Condensate Line Excavation · Oct 21, 2026S.J. Thomas Company IncCounty Awards Parking Garage Concrete Repair Contract · Oct 21, 2026Herman Goldner IncCounty Approves Fair Acres Condensate Line Replacement · Oct 21, 2026Pennsylvania Department of Agriculture, Bureau of Food AssistanceCounty Ratifies Emergency Food Assistance Contract Extension · Oct 21, 2026$500Three Plus OneCounty Approves Banking Services RFP Consulting Agreement · Oct 21, 2026$69KAll Delaware County activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Delaware County?

Pennrose Properties was awarded this financial services contract by Delaware County, as recorded on February 5, 2025. The contract value is $4,257,765.00 (loan commitment).

How much is the Pennrose Properties contract with Delaware County worth?

The Pennrose Properties contract with Delaware County is valued at $4,257,765.00 (loan commitment), 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 Delaware County Council Regular Meeting Agenda February 5, 2025 (Agenda), dated February 5, 2025 from Delaware County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Pennrose Properties hold?

Pennrose Properties 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 Delaware County currently buying?

Explore Delaware County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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