Medford Housing Authority Awards Financial Services Contract to First-citizens Bank & Trust Company (August 2026)
Medford Housing AuthorityLocal Housing Authority · Medford, MA- Disclosed value
- Approximately $35,900,000 aggregate construction loan; approximately $27,400,604 permanent loan after conversion
- From minutes
- Approved
- Aug 19, 2026
The 30-second brief
The Medford Housing Authority approved senior-lender financing involving First-Citizens Bank & Trust Company for the Walkling Court redevelopment. The approximately $35.9 million construction financing is expected to convert to a permanent facility after completion and stabilization.
First-citizens Bank & Trust Company holds this financial services contract with Medford Housing Authority. Its other public contracts on record include work for City of Maple Valley and Holmdel Police.
Term as filed: Construction period; conversion upon project completion and satisfaction of stabilization conditions.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $35,900,000 aggregate construction loan; approximately $27,400,604 permanent loan after conversion
- Document date
- August 19, 2026
- Term
- Construction period; conversion upon project completion and satisfaction of stabilization conditions
- Vendor
- First-citizens Bank & Trust Company
- Source document
- Medford Housing Authority Minutes Regular Meeting August 19, 2026 (Minutes)
First-citizens Bank & Trust Company's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Medford Housing Authority?
First-citizens Bank & Trust Company was awarded this financial services contract by Medford Housing Authority, as recorded on August 19, 2026. The contract value is Approximately $35,900,000 aggregate construction loan; approximately $27,400,604 permanent loan after conversion.
How much is the First-citizens Bank & Trust Company contract with Medford Housing Authority worth?
The First-citizens Bank & Trust Company contract with Medford Housing Authority is valued at Approximately $35,900,000 aggregate construction loan; approximately $27,400,604 permanent loan after conversion, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Medford Housing Authority Minutes Regular Meeting August 19, 2026 (Minutes), dated August 19, 2026 from Medford Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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