LDFA Increases Connect Space Micro-Loan Write-Off

The LDFA Board amended the Manistee Group (Connect Space) micro-loan write-off, increasing the approved amount from $38,907 to as much as the full outstanding balance of $68,752.03 as of June 30, 2026, subject to available budget. The Board also agreed to cease further interest accrual on any remaining loan balance.

Scope & details

The full contract record, as filed.

Contract amount

Up to $68,752.03

Contract type

FINANCIAL_SERVICES

Renewal date

2026-06-30

Renewal

Action corrects and increases the prior write-off approval; no further interest will accrue on the remaining balance, effectively winding down the loan rather than renewing it.

Document type

Minutes

Source document

City of Ann Arbor Local Development Finance Authority Meeting Minutes 2026-07-23

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City of Ann Arbor Local Development Finance Authority Meeting Minutes 2026-07-23

AMENDED

City of Ann Arbor, Michiganup to $68,752.03Jul 23, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Ann Arbor Housing Commission?

Manistee Group (connect Space) was awarded this financial services contract by Ann Arbor Housing Commission, as recorded on July 23, 2026. The contract value is Up to $68,752.03.

How much is the Manistee Group (connect Space) contract with Ann Arbor Housing Commission worth?

The Manistee Group (connect Space) contract with Ann Arbor Housing Commission is valued at Up to $68,752.03, 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 City of Ann Arbor Local Development Finance Authority Meeting Minutes 2026-07-23 (Minutes), dated July 23, 2026 from Ann Arbor Housing Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Manistee Group (connect Space) hold?

Manistee Group (connect Space) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Ann Arbor Housing Commission currently buying?

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