FINANCIAL_SERVICESDISCUSSED

United Fidelity Bank to Privately Purchase MSHDA Bonds

MSHDA’s inducement resolution for Whispering Pines Apartments contemplates United Fidelity Bank, fsb purchasing the project’s limited obligation revenue bonds in a private placement. The bank will acquire approximately $12.88 million in bonds as a qualified institutional buyer or accredited investor.

Status
DISCUSSED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
United Fidelity Bank Fsb
Agency
Iron Mountain Housing Commission · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$12,876,399 (bond purchase amount)
Contract type
FINANCIAL_SERVICES
Renewal
Initial designation as private placement bond purchaser under the Section 44c transaction; actual purchase will occur at bond closing subject to standard investor letter and program requirements.
Document type
AgendaPacket
Source document
Michigan State Housing Development Authority AgendaPacket 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iron Mountain Housing Commission?

United Fidelity Bank Fsb was awarded this financial services contract by Iron Mountain Housing Commission, as recorded on July 16, 2026. The contract value is $12,876,399 (bond purchase amount).

How much is the United Fidelity Bank Fsb contract with Iron Mountain Housing Commission worth?

The United Fidelity Bank Fsb contract with Iron Mountain Housing Commission is valued at $12,876,399 (bond purchase 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 Michigan State Housing Development Authority AgendaPacket 2026-07-16 (AgendaPacket), dated July 16, 2026 from Iron Mountain Housing Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United Fidelity Bank Fsb hold?

United Fidelity Bank Fsb may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View United Fidelity Bank Fsb's profile

What is Iron Mountain Housing Commission currently buying?

Explore Iron Mountain Housing Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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