FINANCIAL_SERVICESONGOING

U.S. Bank Commits HTC Equity to LOMA Project

U.S. Bank will provide about $9.9 million in Housing Tax Credit equity for The LOMA senior housing development in Minneapolis. The investment is based on an estimated $1.19 million in annual 4% tax credits over a 50‑year land use restriction period.

Status
ONGOING
Document date
May 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
U.s. Bank
Agency
Minnesota Housing Finance Agency · MN

Trusted by teams at

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
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
Housing Tax Credit equity proceeds of $9,917,392 (approx. $1,194,952 annual 4% credits)
Contract type
FINANCIAL_SERVICES
Contract term
50‑year Land Use Restrictive Agreement; tax credit equity investment period per standard HTC timelines
Renewal date
2076-12-31
Renewal
Equity investment is tied to a 50‑year Land Use Restrictive Agreement; standard HTC compliance and recapture provisions apply rather than traditional renewals.
Document type
AgendaPacket
Source document
Minnesota Housing AgendaPacket 2026-05-28

Related contracts

Other contracts from U.s. Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Minnesota Housing Finance Agency?

U.s. Bank was awarded this financial services contract by Minnesota Housing Finance Agency, as recorded on May 28, 2026. The contract value is Housing Tax Credit equity proceeds of $9,917,392 (approx. $1,194,952 annual 4% credits).

How much is the U.s. Bank contract with Minnesota Housing Finance Agency worth?

The U.s. Bank contract with Minnesota Housing Finance Agency is valued at Housing Tax Credit equity proceeds of $9,917,392 (approx. $1,194,952 annual 4% credits), 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 Minnesota Housing AgendaPacket 2026-05-28 (AgendaPacket), dated May 28, 2026 from Minnesota Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank hold?

U.s. Bank 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 U.s. Bank's profile

What is Minnesota Housing Finance Agency currently buying?

Explore Minnesota Housing Finance Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Minnesota Housing Finance Agency's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free