Authority Considers $5.933 Million Mission First Financing
Philadelphia Redevelopment AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- Assignment of Authority Loans totaling $2,933,000.00; aggregate obligation after assignment of $5,933,000.00, including $3,000,000.00 in new PHDC financing
- From agendapacket
- Document date
- Aug 12, 2026
The 30-second brief
The Philadelphia Redevelopment Authority is considering assigning $2.933 million in existing affordable-housing loans to the Philadelphia Housing Development Corporation. The proposed transaction would create a $5.933 million PHDC obligation, including $3 million in new financing, with a 42-year term at zero interest.
Philadelphia Housing Development Corporation holds this financial services contract with Philadelphia Redevelopment Authority.
Term as filed: 42 years at 0% interest; no principal or interest payments until maturity.
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Contract details
- Contract type
- Financial Services
- Amount
- Assignment of Authority Loans totaling $2,933,000.00; aggregate obligation after assignment of $5,933,000.00, including $3,000,000.00 in new PHDC financing
- Document date
- August 12, 2026
- Term
- 42 years at 0% interest; no principal or interest payments until maturity
- Source document
- Philadelphia Redevelopment Authority AgendaPacket Board Meeting 2026-08-12 (AgendaPacket)
Philadelphia Housing Development Corporation's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Philadelphia Redevelopment Authority?
Philadelphia Housing Development Corporation was awarded this financial services contract by Philadelphia Redevelopment Authority, as recorded on August 12, 2026. The contract value is Assignment of Authority Loans totaling $2,933,000.00; aggregate obligation after assignment of $5,933,000.00, including $3,000,000.00 in new PHDC financing.
How much is the Philadelphia Housing Development Corporation contract with Philadelphia Redevelopment Authority worth?
The Philadelphia Housing Development Corporation contract with Philadelphia Redevelopment Authority is valued at Assignment of Authority Loans totaling $2,933,000.00; aggregate obligation after assignment of $5,933,000.00, including $3,000,000.00 in new PHDC financing, 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 Philadelphia Redevelopment Authority AgendaPacket Board Meeting 2026-08-12 (AgendaPacket), dated August 12, 2026 from Philadelphia Redevelopment Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Philadelphia Housing Development Corporation hold?
Philadelphia Housing 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 Philadelphia Redevelopment Authority currently buying?
Explore Philadelphia Redevelopment Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.