CONTRACTONGOING

CRDA Provides $12.5M Financing for Pennrose Apartments

Disclosed value: $12.5 million in CRDA funds; From minutes
Document date: Sep 17, 2026

What it covers

CRDA provided Pennrose $12.5 million in loan and Urban Act financing for the Trinity apartment project. The development was 65% complete, with substantial completion scheduled for March 2027.

Who holds it

PENNROSE holds this financial services contract with Capital Region Development Authority. Its other public contracts on record include work for Housing Authority of the city of Annapolis and Town of Yarmouth.

What happens next

Term as filed: Substantial completion scheduled for March 2027.

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Contract details

Contract type: Financial Services
Amount: $12.5 million in CRDA funds
Document date: September 17, 2026
Term: Substantial completion scheduled for March 2027
Vendor: PENNROSE
Agency: Capital Region Development Authority
Source document: Capital Region Development Authority Minutes Board Meeting 2026-09-17 (Minutes)

PENNROSE's other public contracts

Housing Authority of the city of Annapolis, MarylandPennrose Continues Management At HACA Properties · Sep 30, 2026Undisclosed Town of Yarmouth, MassachusettsCommittee Discusses Pennrose Queen Anne Housing Application · Sep 30, 2026$100K City of Fayetteville, North CarolinaPennrose Named Housing Lead for Murchison Choice Plan · Sep 27, 2026Undisclosed Town of Lenox, MassachusettsPennrose Report Appears on Agenda · Sep 14, 2026Undisclosed Town of Harwich, MassachusettsHarwich Awards $500,000 Affordable Housing Funding To Pennrose · Sep 14, 2026$500K All PENNROSE contractsVendor profile

More Capital Region Development Authority contracts

55 Elm Street LLCCRDA Ratifies Payment to 55 Elm Street LLC · Oct 15, 2026 M&t BankM&T Bank Continues Financing East Hartford Apartments · Oct 15, 2026Undisclosed TRCTRC Advances CRDA Closure and Demolition Planning · Oct 15, 2026Undisclosed The Cloud CompanyCRDA Approves Park River Loan Involving Cloud Company · Oct 15, 2026 Weston & SampsonWeston Sampson Continues Flood Protection Engineering · Oct 15, 2026Undisclosed All Capital Region Development Authority activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Capital Region Development Authority?

PENNROSE was awarded this financial services contract by Capital Region Development Authority, as recorded on September 17, 2026. The contract value is $12.5 million in CRDA funds.

How much is the PENNROSE contract with Capital Region Development Authority worth?

The PENNROSE contract with Capital Region Development Authority is valued at $12.5 million in CRDA funds, 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 Capital Region Development Authority Minutes Board Meeting 2026-09-17 (Minutes), dated September 17, 2026 from Capital Region Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does PENNROSE hold?

PENNROSE 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 Capital Region Development Authority currently buying?

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

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