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Illinois Housing Development Authority Awards $20,000,000 Construction Financing Contract to Preservation of Affordable Housing, Inc. (June 2025)

Illinois Housing Development Authority
Disclosed value
$20,000,000
From minutes
Approved
Jun 20, 2025
Term
Up to 48 months

The 30-second brief

What it covers

POAH awarded $20M tax-exempt multifamily bond financing for Island Terrace rehabilitation with up to 48-month term.

Who holds it

Preservation of Affordable Housing, Inc. holds this construction financing contract with Illinois Housing Development Authority. Its other public contracts on record include work for St. Louis Housing Authority and Nauset/Provincetown School Districts in Turo (7-12.

What happens next

Term as filed: Up to 48 months.

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Contract details

Contract type
Construction Financing
Amount
$20,000,000
Document date
June 20, 2025
Term
Up to 48 months
Vendor
Preservation of Affordable Housing, Inc.
Agency
Illinois Housing Development Authority
Source document
illinois-housing-development-authority-finance-committee-minutes_934.pdf (Minutes)

Preservation of Affordable Housing, Inc.'s other public contracts

St. Louis Housing Authority, MissouriPOAH contracted for Clinton-Peabody redevelopment · Jul 1, 2025UndisclosedIllinois Housing Development Authority, IllinoisPOAH remarkets $41.9M bonds for Island Terrace · Jun 20, 2025$41.9MNauset/Provincetown School Districts in Turo (7-12, Massachusetts$1.5 Million grant to POAH for housing project · May 19, 2025$1.5MCity of Watertown, MassachusettsPOAH awarded $4 million Willow Park redevelopment project · May 5, 2025$4MCity of Charlottesville, VirginiaPOAH Application Rejected for 10th and Wertland Development · Apr 7, 2025UndisclosedAll Preservation of Affordable Housing, Inc. contractsVendor profile

More Illinois Housing Development Authority contracts

Mythics IncIHDA Considers Mythics Business Process Services Agreement · Oct 16, 2026Divihn Integration IncIHDA Considers DivIHN Senior Project Manager Contract · Jul 24, 2026Lakewood Tower ApartmentsLakewood Tower Apartments ownership and EUA amended · Jul 24, 2026UndisclosedSparta Rental RehabBoard to act on Sparta Rental Rehab loan resolution · Jul 24, 2026UndisclosedVillage Green Apartments – Mt. MorrisVillage Green Mt. Morris Extended Use Agreement amended · Jul 24, 2026UndisclosedAll Illinois Housing Development Authority activityAgency profile

Questions about this contract

Who was awarded the construction financing contract by Illinois Housing Development Authority?

Preservation of Affordable Housing, Inc. was awarded this construction financing contract by Illinois Housing Development Authority, as recorded on June 20, 2025. The contract value is $20,000,000.

How much is the Preservation of Affordable Housing, Inc. contract with Illinois Housing Development Authority worth?

The Preservation of Affordable Housing, Inc. contract with Illinois Housing Development Authority is valued at $20,000,000, covering construction financing work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in illinois-housing-development-authority-finance-committee-minutes_934.pdf (Minutes), dated June 20, 2025 from Illinois Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Preservation of Affordable Housing, Inc. hold?

Preservation of Affordable Housing, Inc. 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 Illinois Housing Development Authority currently buying?

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

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