Housing Authority of the city of Raleigh Awards Financial Services Contract to Twg Development LLC (January 2021)
Housing Authority of the city of RaleighLocal Housing Authority · Raleigh, NC- Disclosed value
- Not to exceed $26,500,000 in multifamily housing revenue bonds
- From meeting minutes
- Approved
- Jan 12, 2021
- Renews
- Free account
The 30-second brief
The Raleigh Housing Authority Board approved a preliminary resolution to issue up to $26.5 million in multifamily housing revenue bonds to assist TWG Development, LLC in financing the Departure Lofts affordable housing project. The non‑recourse bonds will support acquisition, construction, and equipping of 170 units targeted to households at or below 60% AMI.
Twg Development LLC holds this financial services contract with Housing Authority of the city of Raleigh. Its other public contracts on record include work for Santa Fe County.
The renewal date is on record. A free account shows it, with the renewals for every Housing Authority of the city of Raleigh contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $26,500,000 in multifamily housing revenue bonds
- Document date
- January 12, 2021
- Term
- Property affordable for 15 years; construction completion targeted January 2023
- Renews
- Free account
- Vendor
- Twg Development LLC
- Source document
- housing-authority-of-the-city-of-raleighmeeting-minutes2021-01-12_d7e.pdf (Meeting Minutes)
Twg Development LLC'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?
Twg Development LLC was awarded this financial services contract by Housing Authority of the city of Raleigh, as recorded on January 12, 2021. The contract value is Not to exceed $26,500,000 in multifamily housing revenue bonds.
How much is the Twg Development LLC contract with Housing Authority of the city of Raleigh worth?
The Twg Development LLC contract with Housing Authority of the city of Raleigh is valued at Not to exceed $26,500,000 in multifamily housing revenue bonds, 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-raleighmeeting-minutes2021-01-12_d7e.pdf (Meeting Minutes), dated January 12, 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 Twg Development LLC hold?
Twg Development 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.
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.