city of Peekskill Awards Financial Services Contract to Fannie Mae (September 2026)

Peekskill Industrial Development Agency authorized the redemption of approximately $7.2 million in Stuhr Gardens bonds through new Fannie Mae financing. The action retains the existing IDA lease and PILOT terms, which will remain in effect for the balance of their term.

Document date · September 22, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Approximately $7.2 million

Contract type

FINANCIAL_SERVICES

Contract term

Existing PILOT term remains in effect for several more years

Renewal

Existing PILOT and lease documents will be amended and restated to remove bond-related provisions and conform to a standard PILOT transaction. PILOT terms remain unchanged for the remaining term.

Document type

AgendaPacket

Source document

Peekskill Industrial Development Agency AgendaPacket September 22, 2026 Regular Meeting

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by city of Peekskill?

Fannie Mae was awarded this financial services contract by city of Peekskill, as recorded on September 22, 2026. The contract value is Approximately $7.2 million.

How much is the Fannie Mae contract with city of Peekskill worth?

The Fannie Mae contract with city of Peekskill is valued at Approximately $7.2 million, 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 Peekskill Industrial Development Agency AgendaPacket September 22, 2026 Regular Meeting (AgendaPacket), dated September 22, 2026 from city of Peekskill. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fannie Mae hold?

Fannie Mae 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 Fannie Mae's profile

What is city of Peekskill currently buying?

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

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