FINANCIAL_SERVICESONGOING

City Supports Bond Financing For Burrell Lofts Project

Raleigh notes its prior $3.18 million gap financing approval supporting Wallick Communities’ Burrell Lofts affordable housing project while consenting to a separate $19 million Raleigh Housing Authority bond issuance for construction and equipment. The City’s consent creates no new fiscal obligation beyond the previously approved funding.

Document date · April 1, 2025

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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
$3,175,000 (City gap financing funds previously approved); up to $19,000,000 in bonds (Raleigh Housing Authority issuance)
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
city-of-raleigh-council-meeting-agenda-april-1-2025_88e.md

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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 Raleigh?

Wallick Communities was awarded this financial services contract by City of Raleigh, as recorded on April 1, 2025. The contract value is $3,175,000 (City gap financing funds previously approved); up to $19,000,000 in bonds (Raleigh Housing Authority issuance).

How much is the Wallick Communities contract with City of Raleigh worth?

The Wallick Communities contract with City of Raleigh is valued at $3,175,000 (City gap financing funds previously approved); up to $19,000,000 in bonds (Raleigh Housing Authority issuance), covering financial services work.

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 city-of-raleigh-council-meeting-agenda-april-1-2025_88e.md (Agenda), dated April 1, 2025 from City of Raleigh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wallick Communities hold?

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