PNC line of credit repaid with 2025 bond issue
Housing Opprty Com Of Montgomery CoLocal Housing Authority · Kensington, MD- Disclosed value
- $1.1 million (repayment of prior draw)
- From agendapacket
- Document date
- May 7, 2025
The 30-second brief
The Commission plans to use proceeds from its 2025 Single Family Mortgage Revenue Bonds to repay a $1.1 million draw on its existing line of credit with PNC Bank, N.A. The repayment is part of a broader replacement refunding strategy tied to mortgage revenue bond redemptions.
Pnc Bank NA holds this financial services contract with Housing Opprty Com Of Montgomery Co. Its other public contracts on record include work for Ohio Housing Finance Agency | State of Ohio and PA-State-Turnpike Commission.
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Contract details
- Contract type
- Financial Services
- Amount
- $1.1 million (repayment of prior draw)
- Document date
- May 7, 2025
- Vendor
- Pnc Bank NA
- Source document
- Housing Opportunities Commission of Montgomery County AgendaPacket Approval of Structure, Cost of Issuance Budget, and Adoption of Series Resolution(s) for the Issuance of Single Family Mortgage Revenue Bonds 2025-05-07 (AgendaPacket)
Pnc Bank NA's other public contracts
More Housing Opprty Com Of Montgomery Co contracts
Questions about this contract
Who was awarded the financial services contract by Housing Opprty Com Of Montgomery Co?
Pnc Bank NA was awarded this financial services contract by Housing Opprty Com Of Montgomery Co, as recorded on May 7, 2025. The contract value is $1.1 million (repayment of prior draw).
How much is the Pnc Bank NA contract with Housing Opprty Com Of Montgomery Co worth?
The Pnc Bank NA contract with Housing Opprty Com Of Montgomery Co is valued at $1.1 million (repayment of prior draw), 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 Housing Opportunities Commission of Montgomery County AgendaPacket Approval of Structure, Cost of Issuance Budget, and Adoption of Series Resolution(s) for the Issuance of Single Family Mortgage Revenue Bonds 2025-05-07 (AgendaPacket), dated May 7, 2025 from Housing Opprty Com Of Montgomery Co. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pnc Bank NA hold?
Pnc Bank NA 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 Opprty Com Of Montgomery Co currently buying?
Explore Housing Opprty Com Of Montgomery Co's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.