FINANCIAL_SERVICESAPPROVED

Connecticut Department of Housing Awards Financial Services Contract to Housing Authority of the Town of Greenwich (June 2020)

The CHFA Board approved mortgage financing for the Housing Authority of the Town of Greenwich for Armstrong Court Phase 2, including a construction loan of approximately $4.685 million and a permanent loan of approximately $7 million, totaling no more than $11.1 million. The 42-unit rehabilitation will carry 40-year affordability restrictions and be funded with tax-exempt bond proceeds.

Document date · June 25, 2020

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
Approximately $4,685,000 construction loan and $7,000,000 permanent loan (aggregate not to exceed $11,100,000)
Contract type
FINANCIAL_SERVICES
Contract term
Construction loan: 30 months; Permanent loan: 40-year amortization plus 30 months interest-only
Renewal date
2062-06-30
Renewal
Financing authorization requires closing by March 2021, with potential extensions by the Executive Director upon good cause and payment of extension fees.
Document type
Minutes
Source document
ct-housing-finance-authority-board-meeting-mortgage-finance-programs-jun-25-2020_8ea.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Connecticut Department of Housing?

Housing Authority of the Town of Greenwich was awarded this financial services contract by Connecticut Department of Housing, as recorded on June 25, 2020. The contract value is Approximately $4,685,000 construction loan and $7,000,000 permanent loan (aggregate not to exceed $11,100,000).

How much is the Housing Authority of the Town of Greenwich contract with Connecticut Department of Housing worth?

The Housing Authority of the Town of Greenwich contract with Connecticut Department of Housing is valued at Approximately $4,685,000 construction loan and $7,000,000 permanent loan (aggregate not to exceed $11,100,000), 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 ct-housing-finance-authority-board-meeting-mortgage-finance-programs-jun-25-2020_8ea.pdf (Minutes), dated June 25, 2020 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Housing Authority of the Town of Greenwich hold?

Housing Authority of the Town of Greenwich may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Housing Authority of the Town of Greenwich's 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.

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