City of Concord Awards Financial Services Contract to Caleb Group (June 2022)
City of ConcordCity · Concord, NH- Disclosed value
- $600,000 at 3% interest
- From minutes
- Approved
- Jun 22, 2022
- Renews
- Free account
The 30-second brief
The City of Concord’s Community Development Advisory Committee approved a $600,000, 3% Revolving Loan Fund loan to The Caleb Group to support development of the Penacook Landing Phase 2 affordable housing project at 35 Canal Street. The loan features an initial interest-only period, followed by a 30-year amortization with a balloon payment due 20 years after completion and will move the City into first lien position after the construction lender is repaid.
Caleb Group holds this financial services contract with City of Concord. Its other public contracts on record include work for Topsfield Public Schools MA and Oxford Unorganized Territory Public Schools.
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Contract details
- Contract type
- Financial Services
- Amount
- $600,000 at 3% interest
- Document date
- June 22, 2022
- Term
- Interest-only for ~12 months post-closing; then principal and interest on 30-year amortization with balloon payment due 20 years thereafter
- Renews
- Free account
- Vendor
- Caleb Group
- Agency
- City of Concord
- Source document
- City of Concord Community Development Advisory Committee Meeting Minutes 2022-06-22 (Minutes)
Caleb Group's other public contracts
More City of Concord contracts
Questions about this contract
Who was awarded the financial services contract by City of Concord?
Caleb Group was awarded this financial services contract by City of Concord, as recorded on June 22, 2022. The contract value is $600,000 at 3% interest.
How much is the Caleb Group contract with City of Concord worth?
The Caleb Group contract with City of Concord is valued at $600,000 at 3% 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 City of Concord Community Development Advisory Committee Meeting Minutes 2022-06-22 (Minutes), dated June 22, 2022 from City of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Caleb Group hold?
Caleb Group 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 Concord currently buying?
Explore City of Concord's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.