FINANCIAL_SERVICESAMENDED

HOC Expands PNC Bond Refunding Credit Capacity

The Housing Opportunities Commission approved an increase in its refunding capacity under the PNC Bank, N.A. operating line of credit from $5 million to $7 million to support future refunding of single-family mortgage revenue bonds. This amendment expands the agency’s short-term borrowing capacity for bond redemptions.

Status
AMENDED
Document date
May 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Bank N.a.
Agency
Housing Opprty Com Of Montgomery Co · MD

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Increase in bond refunding cap under the PNC Line from $5,000,000 to $7,000,000
Contract type
FINANCIAL_SERVICES
Renewal
Existing operating line of credit refunding cap increased from $5,000,000 to $7,000,000; other underlying LOC terms are unchanged in this resolution.
Document type
Resolution
Source document
Housing Opportunities Commission of Montgomery County Resolution Approval of Structure, Cost of Issuance Budget and Adoption of Series Resolution for Mortgage Revenue Bonds 2026-05-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Opprty Com Of Montgomery Co?

Pnc Bank N.a. was awarded this financial services contract by Housing Opprty Com Of Montgomery Co, as recorded on May 13, 2026. The contract value is Increase in bond refunding cap under the PNC Line from $5,000,000 to $7,000,000.

How much is the Pnc Bank N.a. contract with Housing Opprty Com Of Montgomery Co worth?

The Pnc Bank N.a. contract with Housing Opprty Com Of Montgomery Co is valued at Increase in bond refunding cap under the PNC Line from $5,000,000 to $7,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Housing Opportunities Commission of Montgomery County Resolution Approval of Structure, Cost of Issuance Budget and Adoption of Series Resolution for Mortgage Revenue Bonds 2026-05-13 (Resolution), dated May 13, 2026 from Housing Opprty Com Of Montgomery Co. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank N.a. hold?

Pnc Bank N.a. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Housing Opprty Com Of Montgomery Co currently buying?

Explore Housing Opprty Com Of Montgomery Co's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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