Citi Bank Financing Recommended for Country Grove
Housing Finance Authority Of Palm Beach CountyHousing Authority · FL- Disclosed value
- $15,600,000 tax-exempt loan plus $7,909,925 taxable bridge loan per project
- From agendapacket
- Document date
- Jan 9, 2026
The 30-second brief
The Housing Finance Authority recommended preliminary approval for up to $25 million in bonds for Residences at Country Grove. Citi Bank is expected to provide $15.6 million in tax-exempt construction financing and approximately $7.91 million in taxable bridge financing, followed by permanent financing with a 33-year term and 40-year amortization.
Citi Bank holds this financial services contract with Housing Finance Authority Of Palm Beach County. Its other public contracts on record include work for Housing Authority of the city of Los Angeles and West Metro Fire-Rescue District.
Term as filed: 24-month construction loan; permanent phase has a 33-year term and 40-year amortization, with mandatory repayment at the end of the 18th year.
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Contract details
- Contract type
- Financial Services
- Amount
- $15,600,000 tax-exempt loan plus $7,909,925 taxable bridge loan per project
- Document date
- January 9, 2026
- Term
- 24-month construction loan; permanent phase has a 33-year term and 40-year amortization, with mandatory repayment at the end of the 18th year
- Vendor
- Citi Bank
- Source document
- Palm Beach County Housing Finance Authority Agenda Packet 2026-01-09 (AgendaPacket)
Citi Bank's other public contracts
More Housing Finance Authority Of Palm Beach County contracts
Questions about this contract
Who was awarded the financial services contract by Housing Finance Authority Of Palm Beach County?
Citi Bank was awarded this financial services contract by Housing Finance Authority Of Palm Beach County, as recorded on January 9, 2026. The contract value is $15,600,000 tax-exempt loan plus $7,909,925 taxable bridge loan per project.
How much is the Citi Bank contract with Housing Finance Authority Of Palm Beach County worth?
The Citi Bank contract with Housing Finance Authority Of Palm Beach County is valued at $15,600,000 tax-exempt loan plus $7,909,925 taxable bridge loan per project, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Palm Beach County Housing Finance Authority Agenda Packet 2026-01-09 (AgendaPacket), dated January 9, 2026 from Housing Finance Authority Of Palm Beach County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Citi Bank hold?
Citi Bank 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 Finance Authority Of Palm Beach County currently buying?
Explore Housing Finance Authority Of Palm Beach County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.