Paige Estates Financing Authorized with Bank Loans
Housing Authority of the city of WacoLocal Housing Authority · Waco, TX- Disclosed value
- Up to approximately $15,500,000.00 (construction loan) and $7,000,000.00 (permanent loan)
- From resolution
- Document date
- Apr 10, 2025
The 30-second brief
The Waco Housing Opportunities Corporation Board approved Resolution No. 062 authorizing the Paige Estates partnership to secure up to approximately $15.5 million in construction financing and a $7 million permanent loan from Merchants Bank of Indiana or its affiliate. The loans will fund acquisition, development, and rehabilitation of the Paige Estates affordable housing project.
Merchants Bank of Indiana holds this financial services contract with Housing Authority of the city of Waco. Its other public contracts on record include work for Indianapolis Public Schools and Iowa Finance Authority.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to approximately $15,500,000.00 (construction loan) and $7,000,000.00 (permanent loan)
- Document date
- April 10, 2025
- Source document
- waco_housing_authority_resolution_3904.pdf (Resolution)
Merchants Bank of Indiana's other public contracts
More Housing Authority of the city of Waco contracts
Questions about this contract
Who was awarded the financial services contract by Housing Authority of the city of Waco?
Merchants Bank of Indiana was awarded this financial services contract by Housing Authority of the city of Waco, as recorded on April 10, 2025. The contract value is Up to approximately $15,500,000.00 (construction loan) and $7,000,000.00 (permanent loan).
How much is the Merchants Bank of Indiana contract with Housing Authority of the city of Waco worth?
The Merchants Bank of Indiana contract with Housing Authority of the city of Waco is valued at Up to approximately $15,500,000.00 (construction loan) and $7,000,000.00 (permanent loan), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in waco_housing_authority_resolution_3904.pdf (Resolution), dated April 10, 2025 from Housing Authority of the city of Waco. 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 Waco currently buying?
Explore Housing Authority of the city of Waco's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.