FINANCIAL_SERVICESPENDING

Cedar Rapids Bank slated to acquire NIFA multifamily bonds

NIFA’s $18 million Southside Terrace Phase 3 multifamily bond issue includes a planned takeout by Cedar Rapids Bank and Trust Company after construction completion. The bank will acquire the Series 2026 revenue bonds as long-term financing for the LIHTC development in Omaha.

Status
PENDING
Document date
June 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cedar Rapids Bank and Trust Company
Agency
Nebraska Investment Finance Authority · NE

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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

Scope & details

The full contract record, as filed.

Contract amount
Portion of up to $18,000,000 bond principal (Southside Terrace Phase 3)
Contract type
FINANCIAL_SERVICES
Contract term
Bonds to mature no later than December 1, 2056
Renewal date
2056-12-01
Renewal
Planned permanent purchase of bonds after construction; no renewals or extensions described beyond bond maturity in 2056.
Document type
AgendaPacket
Source document
Nebraska Investment Finance Authority Board of Directors Meeting Agenda Packet 2026-06-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Nebraska Investment Finance Authority?

Cedar Rapids Bank and Trust Company was awarded this financial services contract by Nebraska Investment Finance Authority, as recorded on June 12, 2026. The contract value is Portion of up to $18,000,000 bond principal (Southside Terrace Phase 3).

How much is the Cedar Rapids Bank and Trust Company contract with Nebraska Investment Finance Authority worth?

The Cedar Rapids Bank and Trust Company contract with Nebraska Investment Finance Authority is valued at Portion of up to $18,000,000 bond principal (Southside Terrace Phase 3), 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 Nebraska Investment Finance Authority Board of Directors Meeting Agenda Packet 2026-06-12 (AgendaPacket), dated June 12, 2026 from Nebraska Investment Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cedar Rapids Bank and Trust Company hold?

Cedar Rapids Bank and Trust Company 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 Cedar Rapids Bank and Trust Company's profile

What is Nebraska Investment Finance Authority currently buying?

Explore Nebraska Investment Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Nebraska Investment Finance Authority's profile

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