Hudson County Improvement Authority Transcript Special Board Meeting 2026-04-07
HCIA secures Dodge Foundation loan for social housing
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Description
The Hudson County Improvement Authority approved a three-year, $575,000 loan at 3.25% interest from the Geraldine R. Dodge Foundation to support the Hudson County Social Housing Demonstration Project. The financing will fund planning, environmental, legal, and related predevelopment work for government-owned affordable housing.
Contract Details
Contract Amount
$575,000 loan at 3.25% interest
Vendor
GERALDINE R. DODGE FOUNDATION INCORPORATED
Agency
Hudson County IA, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Contract Term
Three years
Renewal Info
Three-year loan term; any renewal, extension, or refinancing would require a separate future action not described in the transcript.
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Hudson County Improvement Authority Transcript Special Board Meeting 2026-04-07
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