PHDC Loan Assignment Proposed for West Philadelphia
Philadelphia Redevelopment AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- Existing Authority Loans totaling $2,933,000.00 to be aggregated with new financing into a $5,933,000.00 PHDC Loan; $100,000.00 payment at closing and approximately $397,037.00 accrued-interest forgiveness
- From agendapacket
- Document date
- Sep 9, 2026
The 30-second brief
The Philadelphia Redevelopment Authority is considering assigning $2.933 million in affordable-housing loans to the Philadelphia Housing Development Corporation. The loans would be consolidated into a $5.933 million, 42-year PHDC obligation supporting a $3 million new financing component.
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
- Existing Authority Loans totaling $2,933,000.00 to be aggregated with new financing into a $5,933,000.00 PHDC Loan; $100,000.00 payment at closing and approximately $397,037.00 accrued-interest forgiveness
- Document date
- September 9, 2026
- Term
- 42 years at 0% interest; no principal or interest payments until maturity
- Source document
- Philadelphia Redevelopment Authority AgendaPacket Board Meeting of September 09, 2026 (AgendaPacket)
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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 September 9, 2026. The contract value is Existing Authority Loans totaling $2,933,000.00 to be aggregated with new financing into a $5,933,000.00 PHDC Loan; $100,000.00 payment at closing and approximately $397,037.00 accrued-interest forgiveness.
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 Existing Authority Loans totaling $2,933,000.00 to be aggregated with new financing into a $5,933,000.00 PHDC Loan; $100,000.00 payment at closing and approximately $397,037.00 accrued-interest forgiveness, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Philadelphia Redevelopment Authority AgendaPacket Board Meeting of September 09, 2026 (AgendaPacket), dated September 9, 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.