$3M development loan to MHANY Peninsula LDC
NYC-Economic Development CorporationCity · New York, NY- Disclosed value
- $3,000,000.00
- From report
- Document date
- Oct 2, 2025
- Term
- 20 years from 5/22/2019
- Renews
- Free account
The 30-second brief
NYCEDC issued a $3 million municipal loan to MHANY Peninsula Local Development Corporation on May 22, 2019 at 3% interest over 20 years to support commercial property construction, acquisition, revitalization, and improvements. The project anticipated 150 new jobs, with 33 reported created to date, and no principal repayment yet recorded.
Mhany Peninsula Local Development Corporation holds this financial services contract with NYC-Economic Development Corporation. Its other public contracts on record include work for NYC-Economic Development Corporation Life Sciences Advisory Council and NYC-Green Economy Advisory Council.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,000,000.00
- Document date
- October 2, 2025
- Term
- 20 years from 5/22/2019
- Renews
- On record
- Source document
- New York City Economic Development Corporation Annual Report 2025-10-02 (Report)
Mhany Peninsula Local Development Corporation's other public contracts
More NYC-Economic Development Corporation contracts
Questions about this contract
Who was awarded the financial services contract by NYC-Economic Development Corporation?
Mhany Peninsula Local Development Corporation was awarded this financial services contract by NYC-Economic Development Corporation, as recorded on October 2, 2025. The contract value is $3,000,000.00.
How much is the Mhany Peninsula Local Development Corporation contract with NYC-Economic Development Corporation worth?
The Mhany Peninsula Local Development Corporation contract with NYC-Economic Development Corporation is valued at $3,000,000.00, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in New York City Economic Development Corporation Annual Report 2025-10-02 (Report), dated October 2, 2025 from NYC-Economic Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mhany Peninsula Local Development Corporation hold?
Mhany Peninsula Local Development Corporation 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 NYC-Economic Development Corporation currently buying?
Explore NYC-Economic Development Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.