CONTRACTRECOMMENDED

Stifel Underwrites Joyfield Raleigh Housing Bonds

North Carolina Department of State Treasurer | State of North Carolina logoNorth Carolina Department of State Treasurer | State of North Carolina
Disclosed value
Not to exceed $33,700,000
From report
Document date
Apr 17, 2026
Renews
Free account

The 30-second brief

What it covers

Stifel is identified as underwriter for up to $33.7 million in Joyfield at Compassionate Drive conduit bonds. The financing will support a 200-unit multifamily housing development in Raleigh.

Who holds it

Stifel Nicolaus & Co Inc holds this financial services contract with North Carolina Department of State Treasurer | State of North Carolina. Its other public contracts on record include work for Philadelphia Industrial Development Authority and City of West Burlington.

What happens next

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Contract details

Contract type
Financial Services
Amount
Not to exceed $33,700,000
Document date
April 17, 2026
Term
Construction: 36 months with possible six-month extension; permanent: 15 years after construction based on 40-year amortization; final maturity not to exceed 12/31/2045
Renews
On record
Vendor
Stifel Nicolaus & Co Inc
Source document
North Carolina Department of State Treasurer Staff Analysis and Report 2026-04-17 (Report)

Stifel Nicolaus & Co Inc's other public contracts

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Questions about this contract

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

Stifel Nicolaus & Co Inc was awarded this financial services contract by North Carolina Department of State Treasurer | State of North Carolina, as recorded on April 17, 2026. The contract value is Not to exceed $33,700,000.

How much is the Stifel Nicolaus & Co Inc contract with North Carolina Department of State Treasurer | State of North Carolina worth?

The Stifel Nicolaus & Co Inc contract with North Carolina Department of State Treasurer | State of North Carolina is valued at Not to exceed $33,700,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in North Carolina Department of State Treasurer Staff Analysis and Report 2026-04-17 (Report), dated April 17, 2026 from North Carolina Department of State Treasurer | State of North Carolina. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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