City Modifies and Reissues DHIC Affordable Housing Loans
Town of RaleighCity · MS- Disclosed value
- Reissue loans: Avonlea ~$771,996; Jeffries Ridge ~$255,205; Madison Glen ~$596,496; Ripley Station ~$863,417
- From meeting minutes
- Document date
- Mar 7, 2023
The 30-second brief
Raleigh approved modifications and reissuance of four City loans to DHIC to support rehabilitation of 244 affordable units at Avonlea, Jeffries Ridge, Madison Glen, and Ripley Station. Changes include reducing interest to zero, adjusting repayment schedules, and forgiving certain principal and interest to preserve long-term affordability.
DHIC holds this financial services contract with Town of Raleigh. Its other public contracts on record include work for Town of Rolesville and Chatham county Housing Authority.
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Contract details
- Contract type
- Financial Services
- Amount
- Reissue loans: Avonlea ~$771,996; Jeffries Ridge ~$255,205; Madison Glen ~$596,496; Ripley Station ~$863,417
- Document date
- March 7, 2023
- Vendor
- DHIC
- Agency
- Town of Raleigh
- Source document
- town-of-raleigh-meeting-minutes-2023-03-07_938.txt (Meeting Minutes)
DHIC's other public contracts
More Town of Raleigh contracts
Questions about this contract
Who was awarded the financial services contract by Town of Raleigh?
DHIC was awarded this financial services contract by Town of Raleigh, as recorded on March 7, 2023. The contract value is Reissue loans: Avonlea ~$771,996; Jeffries Ridge ~$255,205; Madison Glen ~$596,496; Ripley Station ~$863,417.
How much is the DHIC contract with Town of Raleigh worth?
The DHIC contract with Town of Raleigh is valued at Reissue loans: Avonlea ~$771,996; Jeffries Ridge ~$255,205; Madison Glen ~$596,496; Ripley Station ~$863,417, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-raleigh-meeting-minutes-2023-03-07_938.txt (Meeting Minutes), dated March 7, 2023 from Town of Raleigh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does DHIC hold?
DHIC 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 Town of Raleigh currently buying?
Explore Town of Raleigh's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.