FINANCIAL_SERVICESAPPROVED

Connecticut Department of Housing Awards Financial Services Contract to Beacon Communities Services Llc (March 2026)

The CHFA Board authorized up to $13 million in construction-to-permanent and supplemental mortgage financing to Beacon Communities Services LLC for the 76-unit Avon Village project. The package combines tax-exempt bond-funded debt with an additional affordable housing fund loan tied to long-term affordability requirements.

Document date · March 19, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $12,000,000 (Loan) plus up to $1,000,000 (Additional Loan)
Contract type
FINANCIAL_SERVICES
Contract term
Loan: up to 10-month construction period then 40-year permanent term with 40-year amortization; Additional Loan: coterminous with Loan
Renewal date
2066-12-31
Renewal
Financing must close by December 31, 2026, extendable by the CEO upon good cause and payment of extension fees. Permanent period runs 40 years with prepayment options after 15 and 20 years.
Document type
Minutes
Source document
Connecticut Housing Finance Authority Board Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Connecticut Department of Housing?

Beacon Communities Services Llc was awarded this financial services contract by Connecticut Department of Housing, as recorded on March 19, 2026. The contract value is Up to $12,000,000 (Loan) plus up to $1,000,000 (Additional Loan).

How much is the Beacon Communities Services Llc contract with Connecticut Department of Housing worth?

The Beacon Communities Services Llc contract with Connecticut Department of Housing is valued at Up to $12,000,000 (Loan) plus up to $1,000,000 (Additional Loan), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Connecticut Housing Finance Authority Board Minutes March 2026 (Minutes), dated March 19, 2026 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Beacon Communities Services Llc hold?

Beacon Communities Services Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Beacon Communities Services Llc's profile

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Explore Connecticut Department of Housing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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