Capital Region Development Authority Awards Financial Services Contract to The Cloud Company (October 2026)
Capital Region Development AuthorityPublic Authority · Hartford, CT- Disclosed value
- Not to exceed $4,000,000.00
- From minutes
- Approved
- Oct 15, 2026
The 30-second brief
CRDA approved up to $4 million in zero-percent loan assistance for the Villages at Park River development involving The Cloud Company and Pennrose Properties-affiliated entities. The financing will support project infrastructure and below-market housing.
The Cloud Company holds this financial services contract with Capital Region Development Authority.
Term as filed: Coterminous with the maturity of the last-maturing first-lien permanent loan financing the Villages at Park River.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $4,000,000.00
- Document date
- October 15, 2026
- Term
- Coterminous with the maturity of the last-maturing first-lien permanent loan financing the Villages at Park River
- Vendor
- The Cloud Company
- Source document
- Capital Region Development Authority Minutes Board Meeting October 15, 2026 (Minutes)
More Capital Region Development Authority contracts
Questions about this contract
Who was awarded the financial services contract by Capital Region Development Authority?
The Cloud Company was awarded this financial services contract by Capital Region Development Authority, as recorded on October 15, 2026. The contract value is Not to exceed $4,000,000.00.
How much is the The Cloud Company contract with Capital Region Development Authority worth?
The The Cloud Company contract with Capital Region Development Authority is valued at Not to exceed $4,000,000.00, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Capital Region Development Authority Minutes Board Meeting October 15, 2026 (Minutes), dated October 15, 2026 from Capital Region Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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