Housing Authority of the city of Raleigh Awards Financial Services Contract to Merchants Bank of Indiana (December 2021)
Housing Authority of the city of RaleighLocal Housing Authority · Raleigh, NC- Disclosed value
- Not to exceed $14,000,000
- From meeting minutes
- Approved
- Dec 2, 2021
The 30-second brief
The Board approved Merchants Bank of Indiana as the Initial Funding Lender to privately place the up-to-$14 million Multifamily Note for Oak Forest Pointe during construction. Financing terms will be governed by a Funding Loan Agreement with the Authority and U.S. Bank National Association.
Merchants Bank of Indiana holds this financial services contract with Housing Authority of the city of Raleigh. Its other public contracts on record include work for Indianapolis Public Schools and Iowa Finance Authority.
Term as filed: During construction period (exact dates not stated).
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $14,000,000
- Document date
- December 2, 2021
- Term
- During construction period (exact dates not stated)
- Source document
- housing-authority-of-the-city-of-raleigh-meeting-minutes-2021-12-02_82a.pdf (Meeting Minutes)
Merchants Bank of Indiana's other public contracts
More Housing Authority of the city of Raleigh contracts
Questions about this contract
Who was awarded the financial services contract by Housing Authority of the city of Raleigh?
Merchants Bank of Indiana was awarded this financial services contract by Housing Authority of the city of Raleigh, as recorded on December 2, 2021. The contract value is Not to exceed $14,000,000.
How much is the Merchants Bank of Indiana contract with Housing Authority of the city of Raleigh worth?
The Merchants Bank of Indiana contract with Housing Authority of the city of Raleigh is valued at Not to exceed $14,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in housing-authority-of-the-city-of-raleigh-meeting-minutes-2021-12-02_82a.pdf (Meeting Minutes), dated December 2, 2021 from Housing Authority of the city of Raleigh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Merchants Bank of Indiana hold?
Merchants Bank of Indiana 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 Housing Authority of the city of Raleigh currently buying?
Explore Housing Authority of the city of Raleigh's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.