State & Chapel Development financing recommended by CHFA
Connecticut Department of HousingLocal Housing Authority · Hartford, CT- Disclosed value
- Up to $13,500,000 permanent-only first mortgage loan and up to $1,000,000 construction-to-permanent subordinate financing
- From meeting minutes
- Document date
- Jan 30, 2024
The 30-second brief
The CHFA Mortgage Committee unanimously supported a financing resolution for State & Chapel Development in New Haven, including up to $13.5 million in taxable-bond-funded permanent mortgage financing and $1 million in construction-to-permanent subordinate debt. The Board of Directors will now consider the proposal.
State & Chapel Development holds this financial services contract with Connecticut Department of Housing.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $13,500,000 permanent-only first mortgage loan and up to $1,000,000 construction-to-permanent subordinate financing
- Document date
- January 30, 2024
- Vendor
- State & Chapel Development
- Source document
- connecticut-department-of-housingmeeting-minutes2024-01-30_572.pdf (Meeting Minutes)
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Questions about this contract
Who was awarded the financial services contract by Connecticut Department of Housing?
State & Chapel Development was awarded this financial services contract by Connecticut Department of Housing, as recorded on January 30, 2024. The contract value is Up to $13,500,000 permanent-only first mortgage loan and up to $1,000,000 construction-to-permanent subordinate financing.
How much is the State & Chapel Development contract with Connecticut Department of Housing worth?
The State & Chapel Development contract with Connecticut Department of Housing is valued at Up to $13,500,000 permanent-only first mortgage loan and up to $1,000,000 construction-to-permanent subordinate financing, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in connecticut-department-of-housingmeeting-minutes2024-01-30_572.pdf (Meeting Minutes), dated January 30, 2024 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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