Michigan State Housing Development Authority Awards Financial Services Contract to Federal Home Loan Bank of Indianapolis (July 2025)

MSHDA approved a five-year Standby Bond Purchase Agreement with the Federal Home Loan Bank of Indianapolis to support its $50 million 2024 Series C variable-rate demand bonds. The liquidity facility, priced at 20 basis points annually, will ensure remarketing stability for the single-family mortgage program.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Standby Bond Purchase Agreement with annual fee of 20 basis points for five years for 2024 Series C Bonds

Renewal

Initial liquidity facility term is five years at 20 basis points annually; future renewals or replacements would be negotiated as needed.

Document type

Agenda

Source document

michigan_state_housing_development_authority_agend.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Michigan State Housing Development Authority?

Federal Home Loan Bank of Indianapolis was awarded this financial services contract by Michigan State Housing Development Authority, as recorded on July 17, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in michigan_state_housing_development_authority_agend.pdf (Agenda), dated July 17, 2025 from Michigan State Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federal Home Loan Bank of Indianapolis hold?

Federal Home Loan Bank of Indianapolis 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 Federal Home Loan Bank of Indianapolis's profile

What is Michigan State Housing Development Authority currently buying?

Explore Michigan State Housing Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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Michigan State Housing Development Authority Awards Financial Services Contract to Federal Home Loan Bank of Indianapolis (July 2025)

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Michigan State Housing Development Authority?

What type of contract is this?

Where was this contract approved?

What other contracts does Federal Home Loan Bank of Indianapolis hold?

What is Michigan State Housing Development Authority currently buying?

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