$1.2M HOME Loan for Reno Avenue Affordable Housing

The Washoe County HOME Consortium is recommended to approve a $1,200,000 HOME AHMLP loan for the 42-unit Reno Avenue Project, a family affordable housing development by the Housing Authority of the City of Reno. The financing features low-interest, long-term repayment and a 50-year affordability requirement.

Scope & details

The full contract record, as filed.

Contract amount

$1,200,000

Contract type

FINANCIAL_SERVICES

Contract term

50 Years affordability; 1% simple interest with 40-year amortization, repayments planned to begin in Year 1 subject to available cash flow

Renewal

Loan terms include 1% simple interest and 40-year amortization with a 50-year affordability covenant; repayments begin in Year 1 based on available cash flow. Any adjustments to terms or AMI targeting may be authorized by the Reno City Manager under the resolution.

Document type

AgendaPacket

Source document

Washoe County HOME Consortium AgendaPacket Director’s Meeting 2026-05-13

Frequently asked questions

Common questions about this contract, answered from the record.

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

Reno Avenue Project was awarded this financial services contract by City of Reno, as recorded on May 13, 2026. The contract value is $1,200,000.

How much is the Reno Avenue Project contract with City of Reno worth?

The Reno Avenue Project contract with City of Reno is valued at $1,200,000, 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 Washoe County HOME Consortium AgendaPacket Director’s Meeting 2026-05-13 (AgendaPacket), dated May 13, 2026 from City of Reno. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Reno Avenue Project hold?

Reno Avenue Project may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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