Housing Authority of the county of Wake Awards Financial Services Contract to Twg Development LLC (January 2021)
Housing Authority of the county of WakeLocal Housing Authority · Zebulon, 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 Housing Authority of the City of Raleigh approved preliminary issuance of up to $26.5 million in multifamily housing revenue bonds to assist TWG Development, LLC in financing the Departure Lofts affordable housing project. The bonds will fund acquisition, construction, and equipping of 170 income-restricted units, with the property remaining affordable for 15 years.
Twg Development LLC holds this financial services contract with Housing Authority of the county of Wake. 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 county of Wake 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 expected January 2023
- Renews
- Free account
- Vendor
- Twg Development LLC
- Source document
- housing-authority-of-the-county-of-wakemeeting-minutes2021-01-12_d0b.pdf (Meeting Minutes)
Twg Development LLC's other public contracts
More Housing Authority of the county of Wake contracts
Questions about this contract
Who was awarded the financial services contract by Housing Authority of the county of Wake?
Twg Development LLC was awarded this financial services contract by Housing Authority of the county of Wake, 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 county of Wake worth?
The Twg Development LLC contract with Housing Authority of the county of Wake 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-county-of-wakemeeting-minutes2021-01-12_d0b.pdf (Meeting Minutes), dated January 12, 2021 from Housing Authority of the county of Wake. 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 county of Wake currently buying?
Explore Housing Authority of the county of Wake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.