Housing Authority Explores Ironwood Financing With State Bank
Cedar city Housing AuthorityLocal Housing Authority · Cedar city, UT- Disclosed value
- Approximately $2.5 million financing gap; proposed property purchase price of $3.3 million with assumption of a $750,000 USDA loan
- From minutes
- Document date
- Sep 24, 2026
The 30-second brief
Cedar City Housing Authority received approval to pursue financing discussions with State Bank for a possible Ironwood Apartments acquisition. The proposed purchase is $3.3 million, with a $750,000 USDA loan assumption and an approximately $2.5 million financing gap.
State Bank holds this financial services contract with Cedar city Housing Authority. Its other public contracts on record include work for Atlanta Property Management and Defiance Public Library District.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $2.5 million financing gap; proposed property purchase price of $3.3 million with assumption of a $750,000 USDA loan
- Document date
- September 24, 2026
- Vendor
- State Bank
- Source document
- Cedar City Housing Authority Minutes Board Meeting September 24, 2026 (Minutes)
State Bank's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Cedar city Housing Authority?
State Bank was awarded this financial services contract by Cedar city Housing Authority, as recorded on September 24, 2026. The contract value is Approximately $2.5 million financing gap; proposed property purchase price of $3.3 million with assumption of a $750,000 USDA loan.
How much is the State Bank contract with Cedar city Housing Authority worth?
The State Bank contract with Cedar city Housing Authority is valued at Approximately $2.5 million financing gap; proposed property purchase price of $3.3 million with assumption of a $750,000 USDA loan, 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 Cedar City Housing Authority Minutes Board Meeting September 24, 2026 (Minutes), dated September 24, 2026 from Cedar city Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does State Bank hold?
State 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 Cedar city Housing Authority currently buying?
Explore Cedar city Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.