Civic IQ
FINANCIAL_SERVICESAPPROVED

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

Greensboro plans to commit $2,500,000 in HOME and 2016 Housing Bond funds to Green Light Development, LLC for The Villas at Elmsley Crossing, a 52-unit senior affordable housing project. The 30-year, 1% interest loan is contingent on the project receiving Low Income Housing Tax Credits and meeting federal and city financing conditions.

Document date · May 2, 2023

Issuing agencyCity of GreensboroVendorGreen Light Development Llc

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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
FINANCIAL_SERVICES
Contract term
1% interest, 30 year term; time-limited commitment contingent on LIHTC award
Renewal
Single 30-year loan term; commitment is time-limited and contingent on LIHTC award and other financing conditions. No explicit renewal options are described.
Document type
AgendaPacket
Source document
City of Greensboro AgendaPacket 2023-05-02

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City of Greensboro, North Carolina$2,500,000May 2, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

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

Green Light Development Llc was awarded this financial services 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 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 City of Greensboro AgendaPacket 2023-05-02 (AgendaPacket), 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.

View Green Light Development Llc's profile

What is City of Greensboro currently buying?

Explore City of Greensboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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