City Increases HOME Loan for Brinshore’s St. Paul Commons
City of RacineCity · Racine, WI- Disclosed value
- Up to $300,000 at 1% interest
- From minutes
- Document date
- Dec 7, 2021
- Term
- 20-year term
The 30-second brief
Racine amended Resolution #1317-19 to authorize a HOME multifamily loan of up to $300,000 at 1% interest over 20 years to Brinshore Development for the St. Paul Commons project. The increase boosts the city’s investment in affordable housing, with all documents to be signed at closing.
Brinshore Development holds this financial services contract with City of Racine. Its other public contracts on record include work for Omaha Housing Authority and City of Park.
Term as filed: 20-year term.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $300,000 at 1% interest
- Document date
- December 7, 2021
- Term
- 20-year term
- Vendor
- Brinshore Development
- Agency
- City of Racine
- Source document
- common_council_meeting_minutes_final_december_7_20.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 7, 2021. The contract value is Up to $300,000 at 1% interest.
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, 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 common_council_meeting_minutes_final_december_7_20.pdf (Minutes), dated December 7, 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.