CONTRACTAPPROVED

Wake Technical Community College Awards $847,489 Financial Services Contract to Beacon Management (April 2022)

Disclosed value: $847,489; From minutes
Approved: Apr 18, 2022

What it covers

The Board approved a loan of up to $847,489 to Beacon Management for Rose Park Manor Apartments, an 81-unit senior affordable housing project in Cary. The 20-year, 1.25% balloon loan is contingent on local approvals and state tax credit allocation.

Who holds it

Beacon Management holds this financial services contract with Wake Technical Community College. Its other public contracts on record include work for Town of Branford and San Antonio Housing Authority.

What happens next

Term as filed: 20 years at 1.25% interest, balloon payment.

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Contract details

Contract type: Financial Services
Amount: $847,489
Document date: April 18, 2022
Term: 20 years at 1.25% interest, balloon payment
Vendor: Beacon Management
Agency: Wake Technical Community College
Source document: wake_county_board_of_commissioners_meeting_minutes.pdf (Minutes)

Beacon Management's other public contracts

Town of Branford, ConnecticutFormer Manager Beacon Cited for Compliance Issues · Jun 11, 2026Undisclosed Town of Branford, ConnecticutBeacon Management Writes Off $90,000 Service Liability · Nov 18, 2025 San Antonio Housing Authority, TexasBeacon Management continues managing SAHDC housing assets · Sep 3, 2025Undisclosed Wake Technical Community College, North CarolinaWake county OKs $300k gap funding for Rose Park · Apr 21, 2025Up to $300,000 Wake Technical Community College, North CarolinaAdditional Gap Financing for Rose Park Manor · Apr 15, 2024$830K All Beacon Management contractsVendor profile

More Wake Technical Community College contracts

Wake County Public School SystemWake County Considers Affordable Housing Land Exchange · Oct 19, 2026Undisclosed Wake Technical Community CollegeWake County Considers Fire Training MOU With Wake Tech · Oct 19, 2026Undisclosed Wake CountyCounty Discusses New Office Park Campus Design · Sep 14, 2026Undisclosed CARYWake County Approves Cary Joint-Use Facilities MOU · Aug 17, 2026Undisclosed Atrium HealthWake County Discusses Proposed WakeMed-Atrium Partnership · Aug 17, 2026Undisclosed All Wake Technical Community College activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Wake Technical Community College?

Beacon Management was awarded this financial services contract by Wake Technical Community College, as recorded on April 18, 2022. The contract value is $847,489.

How much is the Beacon Management contract with Wake Technical Community College worth?

The Beacon Management contract with Wake Technical Community College is valued at $847,489, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in wake_county_board_of_commissioners_meeting_minutes.pdf (Minutes), dated April 18, 2022 from Wake Technical Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Beacon Management hold?

Beacon Management 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 Wake Technical Community College currently buying?

Explore Wake Technical Community College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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