Austin Housing Authority Awards Financial Services Contract to BERKADIA (June 2024)
Austin Housing AuthorityLocal Housing Authority · Austin, TX- Disclosed value
- Not to exceed $64,200,000
- From agenda
- Approved
- Jun 20, 2024
- Term
- 35-year amortization
The 30-second brief
Austin Affordable Housing Corporation approved permanent financing with Berkadia for the Bridge at Arella Apartments, authorizing a Fannie Mae loan up to $64.2 million over 35 years at roughly 5.8% interest. This financing supports long-term affordability for the 354-unit senior housing community.
BERKADIA holds this financial services contract with Austin Housing Authority. Its other public contracts on record include work for Housing Finance Authority of Miami-Dade County and Leesburg village.
Term as filed: 35-year amortization.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $64,200,000
- Document date
- June 20, 2024
- Term
- 35-year amortization
- Vendor
- BERKADIA
- Agency
- Austin Housing Authority
- Source document
- austin-housing-authority-agenda-village-at-collinwood-eagle-s-landing-dev-jun-20-2024_2e2.pdf (Agenda)
BERKADIA's other public contracts
More Austin Housing Authority contracts
Questions about this contract
Who was awarded the financial services contract by Austin Housing Authority?
BERKADIA was awarded this financial services contract by Austin Housing Authority, as recorded on June 20, 2024. The contract value is Not to exceed $64,200,000.
How much is the BERKADIA contract with Austin Housing Authority worth?
The BERKADIA contract with Austin Housing Authority is valued at Not to exceed $64,200,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in austin-housing-authority-agenda-village-at-collinwood-eagle-s-landing-dev-jun-20-2024_2e2.pdf (Agenda), dated June 20, 2024 from Austin Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does BERKADIA hold?
BERKADIA 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 Austin Housing Authority currently buying?
Explore Austin Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.