Raleigh City Council Minutes 2026-01-06
City Commits $2.88M Loan to BRAD for Duplex Village
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Description
Raleigh City Council approved a conditional $2,880,000 affordable housing bond loan and a ground lease to BRAD for the Duplex Village affordable rental development. The action provides gap financing and site control to advance the project.
Contract Details
Contract Amount
$2,880,000
Vendor
BRAD
Agency
Raleigh Water, NC
Contract Type
FINANCIAL_SERVICES
Document Date
January 6, 2026
Renewal Info
Conditional loan commitment and ground lease; specific loan maturity or lease term not stated in minutes.
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