Connecticut Department of Housing Awards Financial Services Contract to Beacon Communities Services LLC (October 2021)
Connecticut Department of HousingLocal Housing Authority · Hartford, CT- Disclosed value
- Approximately $5,800,000
- From minutes
- Approved
- Oct 28, 2021
The 30-second brief
CHFA authorized a construction first mortgage leasehold loan of approximately $5.8 million to Beacon Communities Services LLC for rehabilitation and preservation of the Edith Johnson Tower elderly housing development in New Haven. The 24-month loan will be funded with bond proceeds at an interest rate not exceeding 4.5% and must close by July 31, 2022, subject to extensive affordability and regulatory conditions.
Beacon Communities Services LLC holds this financial services contract with Connecticut Department of Housing. Its other public contracts on record include work for Salem Housing Authority and City of Salem.
Term as filed: Construction loan term of 24 months; all principal and interest due at end of term; financing to close on or before July 31, 2022 or by extended date authorized by CEO.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $5,800,000
- Document date
- October 28, 2021
- Term
- Construction loan term of 24 months; all principal and interest due at end of term; financing to close on or before July 31, 2022 or by extended date authorized by CEO
- Source document
- ct-housing-finance-authority-board-minutes-bond-underwriters-cherry-street-lofts-oct-28-2021_106.pdf (Minutes)
Beacon Communities Services LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Connecticut Department of Housing?
Beacon Communities Services LLC was awarded this financial services contract by Connecticut Department of Housing, as recorded on October 28, 2021. The contract value is Approximately $5,800,000.
How much is the Beacon Communities Services LLC contract with Connecticut Department of Housing worth?
The Beacon Communities Services LLC contract with Connecticut Department of Housing is valued at Approximately $5,800,000, 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 ct-housing-finance-authority-board-minutes-bond-underwriters-cherry-street-lofts-oct-28-2021_106.pdf (Minutes), dated October 28, 2021 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Beacon Communities Services LLC hold?
Beacon Communities Services LLC 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 Connecticut Department of Housing currently buying?
Explore Connecticut Department of Housing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.