Trellis Co. to Receive 30-Year Forgivable Acquisition Loan
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Description
The Hennepin County Housing and Redevelopment Authority plans to enter into Agreement PR00006436 with Trellis Co. for a 30-year forgivable acquisition loan running from July 10, 2024 through December 31, 2059. The loan is part of a combined not-to-exceed $1,300,000 financing package supporting housing acquisition.
Contract Details
Contract Amount
Not to exceed $1,300,000 (combined with PR00006435)
Vendor
TRELLIS COMPANY
Agency
Hennepin County, MN
Contract Type
FINANCIAL_SERVICES
Document Date
December 11, 2025
Contract Term
07/10/24-12/31/59 (30-year forgivable acquisition loan)
Renewal Date
2059-12-31
Renewal Info
Long-term 30-year forgivable acquisition loan agreement; no explicit renewal options stated.
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