Greene County Industrial Development Authority Awards Financial Services Contract to Hudson Valley Federal Credit Union (July 2026)

Hudson Valley Federal Credit Union issued a $13,447,700 financing commitment to Catskill Lodging LLC to fund construction and permanent financing for a 92-room Hampton Inn in Catskill. The facility includes a 24‑month construction loan, a 12‑month stabilization period, and a 15‑year permanent mortgage with a non‑refundable commitment fee.

Scope & details

The full contract record, as filed.

Contract amount

$13,447,700 (construction and permanent financing)

Contract type

FINANCIAL_SERVICES

Contract term

24-month construction period + 12-month stabilization + 15-year permanent mortgage (with 25-year amortization schedule)

Renewal date

2026-09-01

Renewal

Commitment expires unless closed or extended by September 1, 2026; no automatic renewal is stated.

Document type

AgendaPacket

Source document

Greene County Industrial Development Agency AgendaPacket Regular Board Meeting 2026-07-16

Related contracts

Other contracts from Hudson Valley Federal Credit Union.

View all →

Town of Ulster Monthly Cash Report February-March 2024

ONGOING

Glenerie Water District, New York114.30Mar 31, 2024

wappingers-central-school-districtmeeting-minutes2023-08-28_6a1.txt

APPROVED

Wappingers Central School District, New YorkAug 28, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Greene County Industrial Development Authority?

Hudson Valley Federal Credit Union was awarded this financial services contract by Greene County Industrial Development Authority, as recorded on July 16, 2026. The contract value is $13,447,700 (construction and permanent financing).

How much is the Hudson Valley Federal Credit Union contract with Greene County Industrial Development Authority worth?

The Hudson Valley Federal Credit Union contract with Greene County Industrial Development Authority is valued at $13,447,700 (construction and permanent financing), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Greene County Industrial Development Agency AgendaPacket Regular Board Meeting 2026-07-16 (AgendaPacket), dated July 16, 2026 from Greene County Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hudson Valley Federal Credit Union hold?

Hudson Valley Federal Credit Union 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 Hudson Valley Federal Credit Union's profile

What is Greene County Industrial Development Authority currently buying?

Explore Greene County Industrial Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Greene County Industrial Development Authority's profile