Philadelphia Redevelopment Authority Awards Financial Services Contract to Philadelphia Housing Development Corporation (September 2026)
Philadelphia Redevelopment AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- $5,933,000.00 aggregate PHDC loan, including $3,000,000.00 in new financing; $100,000.00 payment toward accrued interest and approximately $297,037.00 in forgiven accrued interest
- From minutes
- Approved
- Sep 9, 2026
The 30-second brief
The Philadelphia Redevelopment Authority approved assigning $2.933 million in affordable-housing loans to the Philadelphia Housing Development Corporation. The transaction creates a $5.933 million PHDC loan, including $3 million in new financing, with a $100,000 interest payment and approximately $297,037 in remaining interest forgiveness.
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
- $5,933,000.00 aggregate PHDC loan, including $3,000,000.00 in new financing; $100,000.00 payment toward accrued interest and approximately $297,037.00 in forgiven accrued interest
- Document date
- September 9, 2026
- Term
- 42 years at 0% interest; no principal or interest payments until maturity
- Source document
- Philadelphia Redevelopment Authority Minutes Board Meeting of September 09, 2026 (Minutes)
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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 $5,933,000.00 aggregate PHDC loan, including $3,000,000.00 in new financing; $100,000.00 payment toward accrued interest and approximately $297,037.00 in forgiven accrued interest.
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 $5,933,000.00 aggregate PHDC loan, including $3,000,000.00 in new financing; $100,000.00 payment toward accrued interest and approximately $297,037.00 in forgiven accrued interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Philadelphia Redevelopment Authority Minutes Board Meeting of September 09, 2026 (Minutes), 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.