Housing Authority of the City of Columbia Board of Commissioners Meeting Agenda April 2026
CHA Provides Long-Term Seller Financing To Bear Creek
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Description
Bear Creek Housing Development Group, LP carries a $3.37 million Seller Financing Loan from the Housing Authority of the City of Columbia at 2.24% interest, secured by a second deed of trust. The loan requires annual surplus cash payments and matures December 31, 2058.
Contract Details
Vendor
HOUSING AUTHORITY OF THE CITY OF COLUMBIA MISSOURI
Agency
Housing Authority of the city of Columbia, MO, MO
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
Seller Financing Loan maturing December 31, 2058
Renewal Date
2058-12-31
Renewal Info
Loan remains in effect through December 31, 2058, unless prepaid or restructured; renewal would require a new financing agreement.
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ONGOINGIssuing Agency
Housing Authority of the city of Columbia, MO
Local Housing Authority
Columbia, MO
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