the-housing-authority-of-the-city-of-pittsburghmeeting-minutes2024-11-21_a4b.pdf
ARMDC Awarded $3.8M Gap Financing for Downtown Housing Project
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Description
HACP granted $3.8 million MTW funds to ARMDC for subsequent issuance as a construction and permanent loan for the First & Market senior housing project. ARMDC will fund and oversee the loan upon HUD approval.
Contract Details
Contract Amount
$3,800,000 (grant from HACP, for subsequent loan to BC First & Market LLC)
Vendor
ARMDC
Agency
The Housing Authority of the city of Picayune, MS
Contract Type
FINANCIAL_SERVICES
Document Date
November 21, 2024
Renewal Info
Grant for pass-through loan to project entity; contingent on HUD approval for project closing/disbursement.
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APPROVEDIssuing Agency
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Local Housing Authority
Picayune, MS
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