CONTRACTAPPROVED

city OF ATLANTA, Dept. of Housing and Community Development Awards $15,890,000 Loan Contract to Herndon Homes Phase Iii (July 2024)

city OF ATLANTA, Dept. of Housing and Community Development logocity OF ATLANTA, Dept. of Housing and Community Development
Disclosed value
$15,890,000
From resolution
Approved
Jul 25, 2024
Term
43 years

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THE 30-SECOND BRIEF

What it covers

Herndon Homes Phase III receives $15.89M loan for construction. Loan has 0% interest during construction and 1.32% during permanent period.

Who holds it

Herndon Homes Phase Iii holds this loan contract with city OF ATLANTA, Dept. of Housing and Community Development. Its other public contracts on record include work for Housing Authority of the city of ATLANTA Georgia.

What happens next

Term as filed: 43 years.

Contract details

Contract type
Loan
Amount
$15,890,000
Document date
July 25, 2024
Term
43 years
Source document
atlanta-housing-investment-company-inc-resolution-ahic-24-01_bb0.pdf (Resolution)

Herndon Homes Phase Iii's other public contracts

More city OF ATLANTA, Dept. of Housing and Community Development contracts

Questions about this contract

Who was awarded the loan contract by city OF ATLANTA, Dept. of Housing and Community Development?

Herndon Homes Phase Iii was awarded this loan contract by city OF ATLANTA, Dept. of Housing and Community Development, as recorded on July 25, 2024. The contract value is $15,890,000.

How much is the Herndon Homes Phase Iii contract with city OF ATLANTA, Dept. of Housing and Community Development worth?

The Herndon Homes Phase Iii contract with city OF ATLANTA, Dept. of Housing and Community Development is valued at $15,890,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a resolution record.

Where was this contract approved?

This contract appears in atlanta-housing-investment-company-inc-resolution-ahic-24-01_bb0.pdf (Resolution), dated July 25, 2024 from city OF ATLANTA, Dept. of Housing and Community Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Herndon Homes Phase Iii hold?

Herndon Homes Phase Iii may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is city OF ATLANTA, Dept. of Housing and Community Development currently buying?

Explore city OF ATLANTA, Dept. of Housing and Community Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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