FINANCIAL_SERVICESRECOMMENDED

FCRHA Advances $16 Million Kindred Crossing Financing

The FCRHA is scheduled to authorize up to $16 million in tax-exempt multifamily housing revenue bonds for Wesley Kindred Crossing LP and approve a 99-year ground lease. The financing would support construction of 95 affordable senior independent-living units at the Kindred Crossing Project.

Document date · October 5, 2026

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $16,000,000 in multifamily housing revenue bonds or notes; up to $9,700,000 in previously approved FCRHA subordinate financing, including a $3,800,000 ground lease acquisition loan and a $5,900,000 Blueprint Loan
Contract type
FINANCIAL_SERVICES
Contract term
Bond maturity not more than 5 years from issuance; ground lease term of 99 years
Renewal
The ground lease has a 99-year term. The bonds are expected to be redeemed when the project converts from construction financing to permanent financing.
Document type
AgendaPacket
Source document
Fairfax County Redevelopment and Housing Authority Agenda Packet Committee of the Whole Meeting 2026-10-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Fairfax county Redevelopment & Hsg Authority?

Wesley Kindred Crossing Lp was awarded this financial services contract by Fairfax county Redevelopment & Hsg Authority, as recorded on October 5, 2026. The contract value is Up to $16,000,000 in multifamily housing revenue bonds or notes; up to $9,700,000 in previously approved FCRHA subordinate financing, including a $3,800,000 ground lease acquisition loan and a $5,900,000 Blueprint Loan.

How much is the Wesley Kindred Crossing Lp contract with Fairfax county Redevelopment & Hsg Authority worth?

The Wesley Kindred Crossing Lp contract with Fairfax county Redevelopment & Hsg Authority is valued at Up to $16,000,000 in multifamily housing revenue bonds or notes; up to $9,700,000 in previously approved FCRHA subordinate financing, including a $3,800,000 ground lease acquisition loan and a $5,900,000 Blueprint Loan, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Fairfax County Redevelopment and Housing Authority Agenda Packet Committee of the Whole Meeting 2026-10-15 (AgendaPacket), dated October 5, 2026 from Fairfax county Redevelopment & Hsg Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wesley Kindred Crossing Lp hold?

Wesley Kindred Crossing Lp 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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