FCRHA Advances Kindred Crossing Ground Lease Financing
Fairfax county Redevelopment & Hsg AuthorityLocal Housing Authority · Fairfax, VA- Disclosed value
- Up to $16,000,000 in bond proceeds; up to $3,800,000 Ground Lease Acquisition Loan; total previously approved subordinate financing up to $9,700,000
- From agenda
- Document date
- Oct 15, 2026
- Renews
- Free account
The 30-second brief
The Fairfax County Redevelopment and Housing Authority recommended acquiring the Kindred Crossing site and entering a long-term ground lease with Wesley Kindred Crossing LP. The proposed financing includes up to $16 million in tax-exempt bonds and supports construction of 95 senior affordable housing units, with closing required by December 11, 2026.
Wesley Kindred Crossing LP holds this financial services contract with Fairfax county Redevelopment & Hsg Authority.
The renewal date is on record. A free account shows it, with the renewals for every Fairfax county Redevelopment & Hsg Authority contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $16,000,000 in bond proceeds; up to $3,800,000 Ground Lease Acquisition Loan; total previously approved subordinate financing up to $9,700,000
- Document date
- October 15, 2026
- Term
- Ground lease and related financing anticipated to close by December 11, 2026; bonds mature no more than five years from issuance
- Renews
- Free account
- Source document
- Fairfax County Redevelopment and Housing Authority Agenda 2026-10-15 (Agenda)
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Questions about this contract
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 15, 2026. The contract value is Up to $16,000,000 in bond proceeds; up to $3,800,000 Ground Lease Acquisition Loan; total previously approved subordinate financing up to $9,700,000.
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 bond proceeds; up to $3,800,000 Ground Lease Acquisition Loan; total previously approved subordinate financing up to $9,700,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Fairfax County Redevelopment and Housing Authority Agenda 2026-10-15 (Agenda), dated October 15, 2026 from Fairfax county Redevelopment & Hsg Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is Fairfax county Redevelopment & Hsg Authority currently buying?
Explore Fairfax county Redevelopment & Hsg Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.