FACILITIESAPPROVED

City of Greensboro Awards $2,500,000 Facilities Contract to Green Light Development Llc (May 2023)

The Greensboro City Council approved a $2,500,000 financing commitment to Green Light Development, LLC for The Villas at Elmsley Crossing multi-family affordable housing project. The loan, funded through HOME and 2016 Housing Bond dollars, is conditioned on the project receiving state Low Income Housing Tax Credits and meeting all required financing and compliance conditions.

Document date · May 2, 2023

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,500,000
Contract type
FACILITIES
Renewal
One-time financing commitment subject to project receiving LIHTC award, securing all necessary financing, M/WBE documentation, HUD environmental review compliance, and availability of City funds; City Manager authorized to execute loan closing documents upon satisfaction of conditions.
Document type
Minutes
Source document
City of Greensboro Meeting Minutes 2023-05-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Greensboro?

Green Light Development Llc was awarded this facilities contract by City of Greensboro, as recorded on May 2, 2023. The contract value is $2,500,000.

How much is the Green Light Development Llc contract with City of Greensboro worth?

The Green Light Development Llc contract with City of Greensboro is valued at $2,500,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Greensboro Meeting Minutes 2023-05-02 (Minutes), dated May 2, 2023 from City of Greensboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Green Light Development Llc hold?

Green Light Development 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.

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