Johnson City Development Authority Finance Committee Meeting Agenda January 2026
JCDA Maintains Downtown Centre Loan with HomeTrust Bank
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Description
The JCDA continues to make principal and interest payments on its $2.23 million Downtown Centre loan with HomeTrust Bank, with $732,562 in principal remaining as of June 30, 2025.
Contract Details
Contract Amount
Outstanding principal: $732,562 (Downtown Centre Loan as of June 30, 2025)
Vendor
HOMETRUST BANK
Agency
Johnson city Housing Authority, TN
Contract Type
FINANCIAL_SERVICES
Document Date
January 14, 2026
Contract Term
Loan matures November 1, 2028; originated August 1, 2015
Renewal Date
2028-11-01
Renewal Info
No auto-renewal; standard amortizing loan with set maturity date November 1, 2028. Payments per amortization schedule.
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ongoingIssuing Agency
Johnson city Housing Authority
Local Housing Authority
Johnson city, TN
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