FINANCIAL_SERVICESAPPROVED

Illinois Housing Development Authority Awards Financial Services Contract to The Community Builders Inc (January 2026)

Illinois Housing Development Authority approved the return and reallocation of $1,500,000 in tax credits and issued a $6,686,000 Risk Sharing loan to The Community Builders, Inc. for Southbridge Phase 1C.

Status
APPROVED
Document date
January 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
The Community Builders Inc
Agency
Illinois Housing Development Authority · IL

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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
1,500,000 (Tax Credits returned/reallocated) and $6,686,000 (Risk Sharing Loan)
Contract type
FINANCIAL_SERVICES
Contract term
20 years (loan, through year 20)
Renewal date
2046-01-16
Renewal
Loan is structured for 20-year coverage; reallocation resets annual credit eligibility for compliance cycle.
Document type
Minutes
Source document
Illinois Housing Development Authority Board Meeting Minutes January 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 Illinois Housing Development Authority?

The Community Builders Inc was awarded this financial services contract by Illinois Housing Development Authority, as recorded on January 16, 2026. The contract value is 1,500,000 (Tax Credits returned/reallocated) and $6,686,000 (Risk Sharing Loan).

How much is the The Community Builders Inc contract with Illinois Housing Development Authority worth?

The The Community Builders Inc contract with Illinois Housing Development Authority is valued at 1,500,000 (Tax Credits returned/reallocated) and $6,686,000 (Risk Sharing 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 Illinois Housing Development Authority Board Meeting Minutes January 2026 (Minutes), dated January 16, 2026 from Illinois Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does The Community Builders Inc hold?

The Community Builders Inc 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 The Community Builders Inc's profile

What is Illinois Housing Development Authority currently buying?

Explore Illinois Housing Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Illinois Housing Development Authority's profile

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