Rhode Island Housing Awards Financial Services Contract to Marathon Development LLC (November 2025)
Rhode Island HousingLocal Housing Authority · Providence, RI- Disclosed value
- Not to exceed $15,500,000
- From minutes
- Approved
- Nov 20, 2025
- Renews
- Free account
The 30-second brief
RIHousing approved up to $15.5 million in tax-exempt financing for Marathon Development’s Lippitt Mill project. The financing will support rehabilitation of the historic mill into 71 affordable housing units in West Warwick.
Marathon Development LLC holds this financial services contract with Rhode Island Housing. Its other public contracts on record include work for Rhode Island Industrial Facilities Corporation (Riifc) and Town of Middletown.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $15,500,000
- Document date
- November 20, 2025
- Term
- Tax-exempt bonds with a term not to exceed 35 years
- Renews
- On record
- Vendor
- Marathon Development LLC
- Agency
- Rhode Island Housing
- Source document
- Rhode Island Housing and Mortgage Finance Corporation Minutes Board of Commissioners Meeting 2025-11-20 (Minutes)
Marathon Development LLC's other public contracts
More Rhode Island Housing contracts
Questions about this contract
Who was awarded the financial services contract by Rhode Island Housing?
Marathon Development LLC was awarded this financial services contract by Rhode Island Housing, as recorded on November 20, 2025. The contract value is Not to exceed $15,500,000.
How much is the Marathon Development LLC contract with Rhode Island Housing worth?
The Marathon Development LLC contract with Rhode Island Housing is valued at Not to exceed $15,500,000, 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 Rhode Island Housing and Mortgage Finance Corporation Minutes Board of Commissioners Meeting 2025-11-20 (Minutes), dated November 20, 2025 from Rhode Island Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Marathon Development LLC hold?
Marathon Development LLC 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 Rhode Island Housing currently buying?
Explore Rhode Island Housing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
