FINANCIAL_SERVICESDISCUSSED

Bank Loan Servicing Planned for AHTF Loans

The Lowell Affordable Housing Trust Board will receive an update indicating that a bank may be able to begin servicing AHTF-funded loans, with consideration slated for late first quarter 2027 and possible commencement of payment services in the second quarter of 2027. This represents early planning for outsourcing loan servicing to a financial institution.

Document date · August 19, 2026

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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 type
FINANCIAL_SERVICES
Contract term
Late in the 1st quarter of 2027 for possible beginning of payment services in the 2nd quarter of 2027
Document type
Agenda
Source document
Lowell Affordable Housing Trust Meeting Agenda 2026-08-19

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Frequently asked questions

Common questions about this contract, answered from the record.

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

BANK was awarded this financial services contract by City of Lowell, as recorded on August 19, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Lowell Affordable Housing Trust Meeting Agenda 2026-08-19 (Agenda), dated August 19, 2026 from City of Lowell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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