$500,000 Forgivable Loan to Advantix for Housing Project
City of ElkhartCity · Elkhart, IN- Disclosed value
- $500,000 (forgivable loan from TIF); project total $14,000,000
- From agendapacket
- Approved
- Mar 2, 2026
The 30-second brief
Elkhart Council approved a $500,000 forgivable TIF loan to Advantix Development Corporation to facilitate stormwater improvements for a 42-unit affordable housing project on Sterling Avenue. The project leverages state tax credits and City-donated property.
Advantix Development Corporation holds this contract with City of Elkhart.
Term as filed: duration of project/loan forgiveness terms not specified; project awarded credits in 2023; construction planned 2026 onward.
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Contract details
- Amount
- $500,000 (forgivable loan from TIF); project total $14,000,000
- Document date
- March 2, 2026
- Term
- duration of project/loan forgiveness terms not specified; project awarded credits in 2023; construction planned 2026 onward
- Agency
- City of Elkhart
- Source document
- Elkhart City Council Meeting Agenda Packet March 2026 (AgendaPacket)
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Questions about this contract
Who was awarded the government contract by City of Elkhart?
Advantix Development Corporation was awarded this government contract by City of Elkhart, as recorded on March 2, 2026. The contract value is $500,000 (forgivable loan from TIF); project total $14,000,000.
How much is the Advantix Development Corporation contract with City of Elkhart worth?
The Advantix Development Corporation contract with City of Elkhart is valued at $500,000 (forgivable loan from TIF); project total $14,000,000.
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 Elkhart City Council Meeting Agenda Packet March 2026 (AgendaPacket), dated March 2, 2026 from City of Elkhart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Advantix Development Corporation hold?
Advantix 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 City of Elkhart currently buying?
Explore City of Elkhart's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.