Rockville Housing Enterprises Awards Financial Services Contract to ORLO (November 2024)
Rockville Housing EnterprisesLocal Housing Authority · Rockville, MD- Disclosed value
- $220,000 extension fee (reduced from $330,000), with 2% interest increase on $24 million principal
- From meeting minutes
- Approved
- Nov 11, 2024
The 30-second brief
The Rockville Housing Enterprises Board approved a temporary three-month loan extension with Orlo at a $220,000 extension fee and 2% increased interest on $24 million, pending possible six-month extension negotiation. The extension fee was previously $330,000 but reduced after credit for a new partnership structure.
ORLO holds this financial services contract with Rockville Housing Enterprises. Its other public contracts on record include work for Rock Springs Housing Authority and City of Agnes.
Term as filed: Three-month extension (pending request for six-month extension).
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Contract details
- Contract type
- Financial Services
- Amount
- $220,000 extension fee (reduced from $330,000), with 2% interest increase on $24 million principal
- Document date
- November 11, 2024
- Term
- Three-month extension (pending request for six-month extension)
- Vendor
- ORLO
- Source document
- rockville-housing-enterprises-meeting-minutes-2024-11-11_dc1.pdf (Meeting Minutes)
ORLO's other public contracts
More Rockville Housing Enterprises contracts
Questions about this contract
Who was awarded the financial services contract by Rockville Housing Enterprises?
ORLO was awarded this financial services contract by Rockville Housing Enterprises, as recorded on November 11, 2024. The contract value is $220,000 extension fee (reduced from $330,000), with 2% interest increase on $24 million principal.
How much is the ORLO contract with Rockville Housing Enterprises worth?
The ORLO contract with Rockville Housing Enterprises is valued at $220,000 extension fee (reduced from $330,000), with 2% interest increase on $24 million principal, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in rockville-housing-enterprises-meeting-minutes-2024-11-11_dc1.pdf (Meeting Minutes), dated November 11, 2024 from Rockville Housing Enterprises. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does ORLO hold?
ORLO 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 Rockville Housing Enterprises currently buying?
Explore Rockville Housing Enterprises's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.