Cedar Glen Loan Obligations Assigned to New Owner

The HRA is set to approve an assignment agreement transferring Cedar Glen LLC’s 2017 affordability loan and related covenants for Cedar Glen Apartments to Cedar Glen Asset Management LLC. The action maintains 60% AMI affordability restrictions while releasing Cedar Glen LLC from future obligations under the loan documents.

Scope & details

The full contract record, as filed.

Contract amount

$12,500.00 (original Cedar Glen Loan)

Contract type

FINANCIAL_SERVICES

Contract term

Loan Agreement dated October 31, 2017, with ongoing affordability covenants at 60% AMI

Renewal

Loan documents remain in force but are assigned; a new subordination agreement will reaffirm subordination to the senior loan. Cedar Glen LLC is released from obligations after the assignment’s effective date.

Document type

AgendaPacket

Source document

Housing and Redevelopment Authority Agenda Packet 2026-08-25

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bloomington?

Cedar Glen Llc was awarded this financial services contract by City of Bloomington, as recorded on August 25, 2026. The contract value is $12,500.00 (original Cedar Glen Loan).

How much is the Cedar Glen Llc contract with City of Bloomington worth?

The Cedar Glen Llc contract with City of Bloomington is valued at $12,500.00 (original Cedar Glen Loan), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Housing and Redevelopment Authority Agenda Packet 2026-08-25 (AgendaPacket), dated August 25, 2026 from City of Bloomington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cedar Glen Llc hold?

Cedar Glen Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Cedar Glen Llc's profile

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