CHFA plans bond financing for Cherry Street Lofts | Connecticut Department of Housing | RAILROAD AVENUE LOFTS LLC

Scope & details

The full contract record, as filed.

Contract amount

$44,700,000 (maximum principal amount of mortgage loans for development)

Contract type

FINANCIAL_SERVICES

Contract term

Period of not more than three years

Renewal

Authority intends bond issuance for up to three years to finance new mortgage loans and refund prior bonds; notice expressly states no obligation yet to issue bonds or finance the property.

Document type

Public Notice

Source document

connecticut-housing-finance-authority-public-notice-october-15-2020_687.pdf

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Connecticut Housing Finance Authority Minutes Board of Directors Meeting No. 644 2026-07-23

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction loan; $12,500,000 permanent loan; $5,000,000 FAF loan; at least $1,000,000 partial repayment/paydown requiredJul 23, 2026

ct-housing-finance-authority-board-minutes-bond-underwriters-cherry-street-lofts-oct-28-2021_106.pdf

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction mortgage loan; $12,500,000 permanent mortgage loan; $5,000,000 FAF mortgage loanOct 28, 2021

connecticut-housing-finance-authority-minutes-150m-mortgage-bonds-mobile-home-loan-housing-forbearance-nov-19-2020_723.pdf

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction loan; $12,500,000 permanent loan; $5,000,000 FAF loanNov 19, 2020

connecticut-housing-finance-authority-board-minutes-november-21-2019_1d6.pdf

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction loan; $12,500,000 permanent loan; $733,125 transfer from working capital reserve to interest escrowNov 21, 2019

Frequently asked questions

Common questions about this contract, answered from the record.

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

Railroad Avenue Lofts Llc was awarded this financial services contract by Connecticut Department of Housing, as recorded on October 15, 2020. The contract value is $44,700,000 (maximum principal amount of mortgage loans for development).

How much is the Railroad Avenue Lofts Llc contract with Connecticut Department of Housing worth?

The Railroad Avenue Lofts Llc contract with Connecticut Department of Housing is valued at $44,700,000 (maximum principal amount of mortgage loans for development), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a public notice record.

Where was this contract approved?

This contract appears in connecticut-housing-finance-authority-public-notice-october-15-2020_687.pdf (Public Notice), dated October 15, 2020 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Railroad Avenue Lofts Llc hold?

Railroad Avenue Lofts 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.

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What is Connecticut Department of Housing currently buying?

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