Housing Authority of the county of Wake Awards Financial Services Contract to Merchants Bank of Indiana (October 2023)
Housing Authority of the county of WakeLocal Housing Authority · Zebulon, NC- Disclosed value
- Not to exceed $30,000,000
- From meeting minutes
- Approved
- Oct 26, 2023
The 30-second brief
The Housing Authority of the City of Raleigh approved the issuance of a $30 million multifamily note for the Birch and Branch Apartments project, with Merchants Bank of Indiana providing initial construction-period financing. The note is set to be converted to Freddie Mac upon stabilization of the project.
Merchants Bank of Indiana holds this financial services contract with Housing Authority of the county of Wake. Its other public contracts on record include work for Indianapolis Public Schools and Iowa Finance Authority.
Term as filed: Construction phase and permanent conversion after stabilization (approximate finish: mid-to-end of 2025).
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $30,000,000
- Document date
- October 26, 2023
- Term
- Construction phase and permanent conversion after stabilization (approximate finish: mid-to-end of 2025)
- Source document
- housing-authority-of-the-county-of-wakemeeting-minutes2023-10-26_408.pdf (Meeting Minutes)
Merchants Bank of Indiana's other public contracts
More Housing Authority of the county of Wake contracts
Questions about this contract
Who was awarded the financial services contract by Housing Authority of the county of Wake?
Merchants Bank of Indiana was awarded this financial services contract by Housing Authority of the county of Wake, as recorded on October 26, 2023. The contract value is Not to exceed $30,000,000.
How much is the Merchants Bank of Indiana contract with Housing Authority of the county of Wake worth?
The Merchants Bank of Indiana contract with Housing Authority of the county of Wake is valued at Not to exceed $30,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in housing-authority-of-the-county-of-wakemeeting-minutes2023-10-26_408.pdf (Meeting Minutes), dated October 26, 2023 from Housing Authority of the county of Wake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Merchants Bank of Indiana hold?
Merchants Bank of Indiana 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 county of Wake currently buying?
Explore Housing Authority of the county of Wake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.