CONTRACTONGOING

Bernice Arms CDBG Loan Proposed for Assumption

Philadelphia Redevelopment Authority
Disclosed value
$1,750,000.00 original principal amount
From agendapacket
Document date
Aug 12, 2026
Renews
Free account

The 30-second brief

What it covers

The Authority made a $1.75 million zero-interest CDBG loan to Residences at 6000 Baltimore, L.P. for Bernice Arms. The loan is proposed for assumption by PHADC Bernice LLC as part of the planned property transfer.

Who holds it

Residences at 6000 Baltimore LP holds this financial services contract with Philadelphia Redevelopment Authority.

What happens next

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Contract details

Contract type
Financial Services
Amount
$1,750,000.00 original principal amount
Document date
August 12, 2026
Term
40 years at 0% interest; equal principal installments through the 40th anniversary of initial closing
Renews
On record
Source document
Philadelphia Redevelopment Authority AgendaPacket Board Meeting 2026-08-12 (AgendaPacket)

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Questions about this contract

Who was awarded the financial services contract by Philadelphia Redevelopment Authority?

Residences at 6000 Baltimore LP was awarded this financial services contract by Philadelphia Redevelopment Authority, as recorded on August 12, 2026. The contract value is $1,750,000.00 original principal amount.

How much is the Residences at 6000 Baltimore LP contract with Philadelphia Redevelopment Authority worth?

The Residences at 6000 Baltimore LP contract with Philadelphia Redevelopment Authority is valued at $1,750,000.00 original principal amount, 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 Residences at 6000 Baltimore LP hold?

Residences at 6000 Baltimore LP 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.

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