CONSTRUCTIONAPPROVED

MassHousing Awards Construction Contract to Winndevelopment Company Limited Partnership (December 2025)

MassHousing awarded WinnDevelopment Company Limited Partnership approval for multifaceted financing on Exchange Salem Four, including over $15 million in loans and bridge financing. The package supports 72 units of mixed-income housing in Salem over a 40+ year term.

Document date · December 9, 2025

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

The full contract record, as filed.

Contract amount
$7,250,000 (permanent loan), $7,500,000 (tax-exempt bridge loan), $500,000 (workforce housing loan), $1,000,000 (capital magnet funds loan); Up to $8,700,000 max first loan allowed
Contract type
CONSTRUCTION
Contract term
Permanent loan: 41 years / 40 years; bridge: 12 months; workforce: coterminous; forward commitment: 30 months
Renewal date
2067-12-31
Renewal
Forward commitment valid for 30 months; loans have permanent terms (41/40 years). Adjustments possible at closing. No automatic renewal documented.
Document type
Minutes
Source document
MassHousing Members Minutes December 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by MassHousing?

Winndevelopment Company Limited Partnership was awarded this construction contract by MassHousing, as recorded on December 9, 2025. The contract value is $7,250,000 (permanent loan), $7,500,000 (tax-exempt bridge loan), $500,000 (workforce housing loan), $1,000,000 (capital magnet funds loan); Up to $8,700,000 max first loan allowed.

How much is the Winndevelopment Company Limited Partnership contract with MassHousing worth?

The Winndevelopment Company Limited Partnership contract with MassHousing is valued at $7,250,000 (permanent loan), $7,500,000 (tax-exempt bridge loan), $500,000 (workforce housing loan), $1,000,000 (capital magnet funds loan); Up to $8,700,000 max first loan allowed, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in MassHousing Members Minutes December 2025 (Minutes), dated December 9, 2025 from MassHousing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Winndevelopment Company Limited Partnership hold?

Winndevelopment Company Limited Partnership 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 Winndevelopment Company Limited Partnership's profile

What is MassHousing currently buying?

Explore MassHousing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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