FINANCIAL_SERVICESAPPROVED

County of Prince Edward Awards Financial Services Contract to Prince Edward County Affordable Housing Corporation (March 2024)

The Council approved a $5 million, five-year construction loan at 2.5% interest to the Prince Edward County Affordable Housing Corporation to support continuing pre-construction work on two affordable housing projects. The agreement enables flexible drawdowns and interest-only payments until construction is complete.

Status
APPROVED
Document date
March 26, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Prince Edward County Affordable Housing Corporation
Agency
County of Prince Edward · Canada

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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
$5 million with interest payable at a rate of 2.5% for a term of five years
Contract type
FINANCIAL_SERVICES
Contract term
Five years, beginning March 26, 2024
Renewal date
2029-03-26
Renewal
Interest-only payments until completion of construction, then principal repayment expected. Additional future funding may be requested if required for project completion.
Document type
Agenda
Source document
The Corporation of the County of Prince Edward Council Agenda March 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by County of Prince Edward?

Prince Edward County Affordable Housing Corporation was awarded this financial services contract by County of Prince Edward, as recorded on March 26, 2024. The contract value is $5 million with interest payable at a rate of 2.5% for a term of five years.

How much is the Prince Edward County Affordable Housing Corporation contract with County of Prince Edward worth?

The Prince Edward County Affordable Housing Corporation contract with County of Prince Edward is valued at $5 million with interest payable at a rate of 2.5% for a term of five years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in The Corporation of the County of Prince Edward Council Agenda March 2024 (Agenda), dated March 26, 2024 from County of Prince Edward. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prince Edward County Affordable Housing Corporation hold?

Prince Edward County Affordable Housing Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Prince Edward County Affordable Housing Corporation's profile

What is County of Prince Edward currently buying?

Explore County of Prince Edward's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View County of Prince Edward's profile

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