Council on Housing Meeting Minutes September 2025
Riverside Housing Partnership Receives Housing Finance Approval
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Description
The Council on Housing approved permanent financing to Riverside Housing Partnership LLC for Imani Village Phase V, allocating $1.48 million as a first mortgage and $3.48 million as a second deferred loan, both for 30 years, supporting new senior housing construction in Wilmington, DE.
Contract Details
Contract Amount
$1,482,520 (first mortgage), $3,480,000 (second loan)
Vendor
RIVERSIDE HOUSING PARTNERSHIP LLC
Agency
Delaware State Housing Authority, DE
Contract Type
CONSTRUCTION
Document Date
September 9, 2025
Contract Term
30 years
Renewal Date
2055-09-09
Renewal Info
Financing for a 30-year term. Extensions or restructuring subject to future Council actions at end of term.
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