CONSTRUCTIONAPPROVED

Delaware State Housing Authority Awards Construction Contract to Georgetown Ii Apartments (November 2025)

Council on Housing approved a $7 million construction loan and a $3.12 million permanent loan from the Housing Development Fund for the Georgetown II Apartments project. The financing supports acquisition, rehab, and new construction for 62 affordable and market-rate family units.

Status
APPROVED
Document date
November 17, 2025
Contract type
CONSTRUCTION
Vendor
Georgetown Ii Apartments
Agency
Delaware State Housing Authority · DE

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$7,000,000 construction loan at 3% for 24 months; $3,120,000 permanent loan at 1% for 30 years
Contract type
CONSTRUCTION
Contract term
24 months construction; 30 years permanent financing
Renewal date
2055-11-17
Renewal
Construction loan term is 24 months; permanent loan is a 30-year deferred second mortgage. No auto-renewal stated.
Document type
Minutes
Source document
Council on Housing Meeting Minutes November 17 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Delaware State Housing Authority?

Georgetown Ii Apartments was awarded this construction contract by Delaware State Housing Authority, as recorded on November 17, 2025. The contract value is $7,000,000 construction loan at 3% for 24 months; $3,120,000 permanent loan at 1% for 30 years.

How much is the Georgetown Ii Apartments contract with Delaware State Housing Authority worth?

The Georgetown Ii Apartments contract with Delaware State Housing Authority is valued at $7,000,000 construction loan at 3% for 24 months; $3,120,000 permanent loan at 1% for 30 years, covering construction work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Council on Housing Meeting Minutes November 17 2025 (Minutes), dated November 17, 2025 from Delaware State Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Georgetown Ii Apartments hold?

Georgetown Ii Apartments 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 Georgetown Ii Apartments's profile

What is Delaware State Housing Authority currently buying?

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

View Delaware State Housing Authority's profile

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