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FINANCIAL_SERVICESAPPROVED

Hennepin County Awards Financial Services Contract to Commonbond Communities (May 2026)

The Hennepin County HRA authorized negotiation of Agreement PR00008403 with CommonBond Communities for up to $575,000 under the 2026 LAHA Program to preserve 50 senior affordable units at Arbor Lakes Commons in Maple Grove between May 12, 2026 and May 12, 2081. The long-term loan will help maintain deeply affordable units with rental assistance.

Document date · May 12, 2026

Issuing agencyHennepin CountyVendorCommonbond Communities

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

The full contract record, as filed.

Contract amount
Not to exceed $575,000
Contract type
FINANCIAL_SERVICES
Contract term
May 12, 2026 through May 12, 2081
Renewal date
2081-05-12
Renewal
LAHA funding structured as a 30‑ to 50‑year deferred loan; agreement term specified as May 12, 2026 through May 12, 2081.
Document type
AgendaPacket
Source document
Hennepin County HRA Authority Agenda May 12 2026

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hennepin_county_housing_and_redevelopment_authorit.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 Hennepin County?

Commonbond Communities was awarded this financial services contract by Hennepin County, as recorded on May 12, 2026. The contract value is Not to exceed $575,000.

How much is the Commonbond Communities contract with Hennepin County worth?

The Commonbond Communities contract with Hennepin County is valued at Not to exceed $575,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Hennepin County HRA Authority Agenda May 12 2026 (AgendaPacket), dated May 12, 2026 from Hennepin County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Commonbond Communities hold?

Commonbond Communities 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 Hennepin County currently buying?

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