CONTRACTAPPROVED

Housing Authority of the city of Newport Awards $1,000,000 Loan Contract to Truist Bank (May 2025)

Housing Authority of the city of Newport

Disclosed value: $1,000,000.00; From resolution
Approved: May 20, 2025

What it covers

Truist Bank is providing a $1,000,000 pre-development loan to Choice Neighborhood V-Downtown to support the development of the CNI Downtown housing phase. The loan is intended to partially finance the Choice Neighborhood V – Downtown Apartments project which will be partially financed with 9% Low Income Housing Tax Credits.

Who holds it

Truist Bank holds this loan contract with Housing Authority of the city of Newport. Its other public contracts on record include work for City of Mebane and North Carolina Department of State Treasurer | State of North Carolina.

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Contract details

Contract type: Loan
Amount: $1,000,000.00
Document date: May 20, 2025
Term: NA
Vendor: Truist Bank
Agency: Housing Authority of the city of Newport
Source document: housing-authority-of-the-city-of-newport-resolution-2025-05-20_e1b.pdf (Resolution)

Truist Bank's other public contracts

City of Mebane, North CarolinaMebane Approves Truist Financing for Equipment Shed · Oct 20, 2026 North Carolina Department of State Treasurer | State of North Carolina, North CarolinaMebane Approves Truist Financing for Equipment Building · Oct 15, 2026$1.6M North Carolina Department of State Treasurer | State of North Carolina, North CarolinaGivens Estates Names Truist Bank Bond Trustee · Oct 15, 2026Undisclosed Town of Broadway, VirginiaBroadway Continues Truist Library Loan Payments · Oct 15, 2026 Wise county Redevelopment & Housing Authority, VirginiaAuthority Pays Truist for Banking-Related Charges · Oct 13, 2026$2.1K All Truist Bank contractsVendor profile

More Housing Authority of the city of Newport contracts

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Questions about this contract

Who was awarded the loan contract by Housing Authority of the city of Newport?

Truist Bank was awarded this loan contract by Housing Authority of the city of Newport, as recorded on May 20, 2025. The contract value is $1,000,000.00.

How much is the Truist Bank contract with Housing Authority of the city of Newport worth?

The Truist Bank contract with Housing Authority of the city of Newport is valued at $1,000,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a resolution record.

Where was this contract approved?

This contract appears in housing-authority-of-the-city-of-newport-resolution-2025-05-20_e1b.pdf (Resolution), dated May 20, 2025 from Housing Authority of the city of Newport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Truist Bank hold?

Truist Bank 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 Housing Authority of the city of Newport currently buying?

Explore Housing Authority of the city of Newport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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