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Authority rescinds $720K loan to Cherry Faith

City of Waukesha logoCity of Waukesha
Disclosed value
$720,000 (rescinded)
From minutes
Document date
Apr 20, 2026

The 30-second brief

What it covers

The City of Waukesha Redevelopment Authority formally rescinded a $720,000 Affordable Housing Loan agreement with Cherry Faith Properties for the Meadow Lane residential development after the developer decided not to pursue the project. The cancellation returns the previously committed loan funds to the Authority's control.

Who holds it

Cherry Faith Properties holds this financial services contract with City of Waukesha. Its other public contracts on record include work for Brown county Housing Authority and City of Sheboygan.

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Contract details

Contract type
Financial Services
Amount
$720,000 (rescinded)
Document date
April 20, 2026
Vendor
Cherry Faith Properties
Agency
City of Waukesha
Source document
City of Waukesha Redevelopment Authority Meeting Minutes 2026-04-20 (Minutes)

Cherry Faith Properties's other public contracts

City of Waukesha, WisconsinAuthority rescinds $720,000 loan to Cherry Faith · Apr 20, 2026City of Waukesha, WisconsinCancellation of housing loan to Cherry Faith Properties · Apr 18, 2026UndisclosedCity of Waukesha, WisconsinAffordable Housing Loan to Cherry Faith Properties Cancelled · Apr 17, 2026UndisclosedBrown county Housing Authority, WisconsinProject Based Voucher Request from Cherry Faith Properties Considered · Jul 21, 2025UndisclosedCity of Sheboygan, Wisconsincity-of-sheboygan-agenda-2025-01-06_f82.pdf · Jan 6, 2025UndisclosedAll Cherry Faith Properties contractsVendor profile

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Questions about this contract

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

Cherry Faith Properties was awarded this financial services contract by City of Waukesha, as recorded on April 20, 2026. The contract value is $720,000 (rescinded).

How much is the Cherry Faith Properties contract with City of Waukesha worth?

The Cherry Faith Properties contract with City of Waukesha is valued at $720,000 (rescinded), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Waukesha Redevelopment Authority Meeting Minutes 2026-04-20 (Minutes), dated April 20, 2026 from City of Waukesha. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cherry Faith Properties hold?

Cherry Faith Properties 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 Waukesha currently buying?

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

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