Board Backs Increased HOME Loan to Brinshore
City of RacineCity · Racine, WI- Disclosed value
- up to $300,000 at 1% interest (increase from $250,000; total not to exceed $300,000)
- From minutes
- Document date
- Dec 6, 2021
- Term
- 20-year term
The 30-second brief
The Community Development Block Grant Advisory Board recommended increasing the HOME multifamily loan to Brinshore Development for the St. Paul Commons project from $250,000 to up to $300,000 at 1% interest for a 20-year term. The loan and related documents will be executed after full project financing and environmental review are completed.
Brinshore Development holds this financial services contract with City of Racine. Its other public contracts on record include work for City of Park and City of Phoenix.
Term as filed: 20-year term.
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Contract details
- Contract type
- Financial Services
- Amount
- up to $300,000 at 1% interest (increase from $250,000; total not to exceed $300,000)
- Document date
- December 6, 2021
- Term
- 20-year term
- Vendor
- Brinshore Development
- Agency
- City of Racine
- Source document
- community_development_block_grant_advisory_board_m.pdf (Minutes)
Brinshore Development's other public contracts
More City of Racine contracts
Questions about this contract
Who was awarded the financial services contract by City of Racine?
Brinshore Development was awarded this financial services contract by City of Racine, as recorded on December 6, 2021. The contract value is up to $300,000 at 1% interest (increase from $250,000; total not to exceed $300,000).
How much is the Brinshore Development contract with City of Racine worth?
The Brinshore Development contract with City of Racine is valued at up to $300,000 at 1% interest (increase from $250,000; total not to exceed $300,000), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in community_development_block_grant_advisory_board_m.pdf (Minutes), dated December 6, 2021 from City of Racine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Brinshore Development hold?
Brinshore Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Racine currently buying?
Explore City of Racine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.