FINANCIAL_SERVICESAMENDED

Village, CDA Amend Yahara Crossing Funding Agreement

The Village of DeForest and its Community Development Authority executed a Second Amendment to their Yahara Crossing funding agreement, adjusting predevelopment loan repayment dates, restructuring construction loan disbursement via an approved draw schedule, and tying annual payments to project cash flow. The amendment also defines stabilized occupancy, sets a 30-year loan maturity, and provides for CDA guarantees to support tax credit financing.

Document date · March 12, 2026

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,850,000 Grant and $250,000 Predevelopment Loan; Construction Loan amount not specified
Contract type
FINANCIAL_SERVICES
Contract term
Predevelopment loan maturity extended to October 31, 2027; construction loan maturity 30 years after Funding Date; annual payments begin first April 1 after stabilized occupancy (90% residential occupancy for three consecutive months)
Renewal
Second amendment extends predevelopment loan repayment trigger from March 31, 2026 to October 31, 2027 and final repayment deadline from June 30, 2026 to December 31, 2027. Construction loan now matures 30 years after Funding Date, with annual payments starting after stabilized occupancy and subject to a CDA guaranty for any shortfall.
Document type
AgendaPacket
Source document
Village of DeForest Community Development Authority Agenda Packet 2026-03-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by DeForest village?

Village of Deforest was awarded this financial services contract by DeForest village, as recorded on March 12, 2026. The contract value is $1,850,000 Grant and $250,000 Predevelopment Loan; Construction Loan amount not specified.

How much is the Village of Deforest contract with DeForest village worth?

The Village of Deforest contract with DeForest village is valued at $1,850,000 Grant and $250,000 Predevelopment Loan; Construction Loan amount not specified, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Village of DeForest Community Development Authority Agenda Packet 2026-03-12 (AgendaPacket), dated March 12, 2026 from DeForest village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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