SHA Approves East Adams Phase III Ground Lease
Syracuse Housing AuthorityLocal Housing Authority · Syracuse, NY- Disclosed value
- Ground lease payment up to $2,900,000; CNI loan $6,320,487; City loan $1,700,000; project includes approximately $46,000,000 HFA bond loan and $62,000,000 HFA subordinate loan
- From agendapacket
- Approved
- Oct 22, 2026
The 30-second brief
The Syracuse Housing Authority authorized its participation in East Adams Phase III and approved a long-term ground lease with East Adams Phase III, L.P. The 147-unit project includes a ground lease payment of up to $2.9 million and multiple public and private financing components.
East Adams Phase Iii LP holds this contract with Syracuse Housing Authority.
Term as filed: Long-term ground lease; financial closing anticipated by end of 2026.
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Contract details
- Amount
- Ground lease payment up to $2,900,000; CNI loan $6,320,487; City loan $1,700,000; project includes approximately $46,000,000 HFA bond loan and $62,000,000 HFA subordinate loan
- Document date
- October 22, 2026
- Term
- Long-term ground lease; financial closing anticipated by end of 2026
- Vendor
- East Adams Phase Iii LP
- Source document
- Syracuse Housing Authority AgendaPacket Board Meeting October 22, 2026 (AgendaPacket)
East Adams Phase Iii LP's other public contracts
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Questions about this contract
Who was awarded the government contract by Syracuse Housing Authority?
East Adams Phase Iii LP was awarded this government contract by Syracuse Housing Authority, as recorded on October 22, 2026. The contract value is Ground lease payment up to $2,900,000; CNI loan $6,320,487; City loan $1,700,000; project includes approximately $46,000,000 HFA bond loan and $62,000,000 HFA subordinate loan.
How much is the East Adams Phase Iii LP contract with Syracuse Housing Authority worth?
The East Adams Phase Iii LP contract with Syracuse Housing Authority is valued at Ground lease payment up to $2,900,000; CNI loan $6,320,487; City loan $1,700,000; project includes approximately $46,000,000 HFA bond loan and $62,000,000 HFA subordinate loan.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Syracuse Housing Authority AgendaPacket Board Meeting October 22, 2026 (AgendaPacket), dated October 22, 2026 from Syracuse Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does East Adams Phase Iii LP hold?
East Adams Phase Iii 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 Syracuse Housing Authority currently buying?
Explore Syracuse Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.