AH loan recommended for 360 Peachtree Phase I
city OF ATLANTA, Dept. of Housing and Community DevelopmentLocal Housing Authority · Atlanta, GA- Disclosed value
- $10,500,000
- From report
- Document date
- Sep 28, 2022
- Term
- 30 years
The 30-second brief
Atlanta Housing is recommended to provide Evergreen Real Estate with a construction-to-permanent second priority loan of up to $10,500,000 at 1% interest for 30 years to support the 360 Peachtree Phase I multifamily development. Repayment will be based on 50% of net distributable cash flow as part of a broader Low-Income Housing Tax Credit financing structure.
Evergreen Real Estate holds this financial services contract with city OF ATLANTA, Dept. of Housing and Community Development. Its other public contracts on record include work for Holland village and Housing Authority Cook county.
Term as filed: 30 years.
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Contract details
- Contract type
- Financial Services
- Amount
- $10,500,000
- Document date
- September 28, 2022
- Term
- 30 years
- Vendor
- Evergreen Real Estate
- Source document
- city-of-atlanta-dept-of-housing-and-community-development-presentation-september-28-2022_96f.pdf (Report)
Evergreen Real Estate's other public contracts
More city OF ATLANTA, Dept. of Housing and Community Development contracts
Questions about this contract
Who was awarded the financial services contract by city OF ATLANTA, Dept. of Housing and Community Development?
Evergreen Real Estate was awarded this financial services contract by city OF ATLANTA, Dept. of Housing and Community Development, as recorded on September 28, 2022. The contract value is $10,500,000.
How much is the Evergreen Real Estate contract with city OF ATLANTA, Dept. of Housing and Community Development worth?
The Evergreen Real Estate contract with city OF ATLANTA, Dept. of Housing and Community Development is valued at $10,500,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in city-of-atlanta-dept-of-housing-and-community-development-presentation-september-28-2022_96f.pdf (Report), dated September 28, 2022 from city OF ATLANTA, Dept. of Housing and Community Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Evergreen Real Estate hold?
Evergreen Real Estate 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 city OF ATLANTA, Dept. of Housing and Community Development currently buying?
Explore city OF ATLANTA, Dept. of Housing and Community Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.