State Housing Authority | State of Delaware Awards Construction Contract to Georgetown Ii Apartments (November 2025)
State Housing Authority | State of DelawareState Housing Authority · Dover, DE- Disclosed value
- $7,000,000 construction loan at 3% for 24 months; $3,120,000 permanent loan at 1% for 30 years
- From minutes
- Approved
- Nov 17, 2025
- Renews
- Free account
The 30-second brief
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.
Georgetown Ii Apartments holds this construction contract with State Housing Authority | State of Delaware.
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Contract details
- Contract type
- Construction
- Amount
- $7,000,000 construction loan at 3% for 24 months; $3,120,000 permanent loan at 1% for 30 years
- Document date
- November 17, 2025
- Term
- 24 months construction; 30 years permanent financing
- Renews
- Free account
- Vendor
- Georgetown Ii Apartments
- Source document
- Council on Housing Meeting Minutes November 17 2025 (Minutes)
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Questions about this contract
Who was awarded the construction contract by State Housing Authority | State of Delaware?
Georgetown Ii Apartments was awarded this construction contract by State Housing Authority | State of Delaware, 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 State Housing Authority | State of Delaware worth?
The Georgetown Ii Apartments contract with State Housing Authority | State of Delaware 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 State Housing Authority | State of Delaware. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is State Housing Authority | State of Delaware currently buying?
Explore State Housing Authority | State of Delaware's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.