FINANCIAL_SERVICESAPPROVED

Pennsylvania Housing Finance Agency Awards Financial Services Contract to Mahanoy Elderly (October 2025)

PHFA approved restructuring and new financing for the longstanding Mahanoy Elderly development, including a new first lien mortgage of up to $3.1 million at no more than 4.5% interest over 30 years. The action addresses repayment of a deferred support note while preserving affordable senior housing.

Status
APPROVED
Document date
October 9, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Mahanoy Elderly
Agency
Pennsylvania Housing Finance Agency · PA

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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
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
Not to exceed $3.1 million for new first lien mortgage
Contract type
FINANCIAL_SERVICES
Contract term
30-year amortization
Document type
Minutes
Source document
pennsylvania_housing_finance_agency_board_meeting.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Pennsylvania Housing Finance Agency?

Mahanoy Elderly was awarded this financial services contract by Pennsylvania Housing Finance Agency, as recorded on October 9, 2025. The contract value is Not to exceed $3.1 million for new first lien mortgage.

How much is the Mahanoy Elderly contract with Pennsylvania Housing Finance Agency worth?

The Mahanoy Elderly contract with Pennsylvania Housing Finance Agency is valued at Not to exceed $3.1 million for new first lien mortgage, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in pennsylvania_housing_finance_agency_board_meeting.pdf (Minutes), dated October 9, 2025 from Pennsylvania Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mahanoy Elderly hold?

Mahanoy Elderly 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 Mahanoy Elderly's profile

What is Pennsylvania Housing Finance Agency currently buying?

Explore Pennsylvania Housing Finance Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Pennsylvania Housing Finance Agency's profile

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