Historic Grant Subgrant Awarded To Dame Fortune LLC

The City of Hot Springs approved a $750,000 Paul Bruhn Historic Revitalization subgrant agreement with Dame Fortune LLC to rehabilitate the Bellaire Courts at 637 Park Avenue. The two-year project will create eight income-restricted apartments in a National Register-listed property, with 15 years of required affordability and matching funds from the developer.

Scope & details

The full contract record, as filed.

Contract amount

$750,000.00

Contract type

OTHER

Contract term

Grant project period July 8, 2026 – June 30, 2028; affordability requirements through June 30, 2044 with potential repayment obligations through year 15

Renewal date

2044-06-30

Renewal

Core subgrant runs July 8, 2026 through June 30, 2028 with no automatic renewal; agreement requires 15 years of affordability through June 30, 2044, with repayment of $750,000, $500,000, or $250,000 if affordability ends before 5, 10, or 15 years, respectively.

Document type

Agenda

Source document

City of Hot Springs Agenda 2026-07-07

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City of Hot Springs Agenda Packet 2026-07-21

APPROVED

Hot Springs Memorial Field Commission, ArkansasJul 21, 2026

City of Hot Springs Agenda Board of Directors 2026-07-07

APPROVED

Hot Springs Memorial Field Commission, Arkansas$750,000.00Jul 7, 2026

City of Hot Springs Board of Directors Minutes 2026-07-07

APPROVED

City of Hot Springs, ArkansasJul 7, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Hot Springs?

Dame Fortune Llc was awarded this government contract by City of Hot Springs, as recorded on July 7, 2026. The contract value is $750,000.00.

How much is the Dame Fortune Llc contract with City of Hot Springs worth?

The Dame Fortune Llc contract with City of Hot Springs is valued at $750,000.00.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Hot Springs Agenda 2026-07-07 (Agenda), dated July 7, 2026 from City of Hot Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dame Fortune Llc hold?

Dame Fortune Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Hot Springs currently buying?

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Historic Grant Subgrant Awarded To Dame Fortune LLC

Scope & details

Related contracts

Frequently asked questions

Who was awarded the government contract by City of Hot Springs?

How much is the Dame Fortune Llc contract with City of Hot Springs worth?

What type of contract is this?

Where was this contract approved?

What other contracts does Dame Fortune Llc hold?

What is City of Hot Springs currently buying?

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