FINANCIAL_SERVICESPENDING

Fisher Grove Names First Citizens Construction Lender

The Raleigh Housing Authority identified First Citizens Bank & Trust Company as initial funding lender for the Fisher Grove multifamily housing project. The construction financing provides a 36-month term with two 90-day extensions.

Document date · October 15, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$20,179,244
Contract type
FINANCIAL_SERVICES
Contract term
Construction: 36 months with two 90-day extensions
Renewal date
2066-12-31
Renewal
Two 90-day construction-loan extension options.
Document type
StaffReport
Source document
North Carolina Department of State Treasurer StaffReport Local Government Commission Staff Analyses 2026-10-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by North Carolina Department of State Treasurer | State of North Carolina?

First Citizens Bank & Trust Company was awarded this financial services contract by North Carolina Department of State Treasurer | State of North Carolina, as recorded on October 15, 2026. The contract value is $20,179,244.

How much is the First Citizens Bank & Trust Company contract with North Carolina Department of State Treasurer | State of North Carolina worth?

The First Citizens Bank & Trust Company contract with North Carolina Department of State Treasurer | State of North Carolina is valued at $20,179,244, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in North Carolina Department of State Treasurer StaffReport Local Government Commission Staff Analyses 2026-10-15 (StaffReport), dated October 15, 2026 from North Carolina Department of State Treasurer | State of North Carolina. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Citizens Bank & Trust Company hold?

First Citizens Bank & Trust Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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