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City Proposes $500,000 Forgivable TIF Loan for Advantix Affordable Housing Project

City of Elkhart logoCity of Elkhart
Disclosed value
Not to exceed $500,000
From agenda
Document date
Feb 26, 2026
Renews
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The 30-second brief

What it covers

Elkhart is considering a $500,000 forgivable loan to Advantix Development Corporation to support the construction of affordable townhomes and a community center as part of the city's economic development initiative. The loan is forgivable upon project completion and otherwise must be repaid with interest.

Who holds it

Advantix Development Corporation holds this financial services contract with City of Elkhart.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Elkhart contract.

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Contract details

Contract type
Financial Services
Amount
Not to exceed $500,000
Document date
February 26, 2026
Term
Loan matures no later than December 31, 2029
Renews
Free account
Vendor
Advantix Development Corporation
Agency
City of Elkhart
Source document
City of Elkhart Finance Committee Special Call Meeting Agenda February 26 2026 (Agenda)

Advantix Development Corporation's other public contracts

City of Elkhart, Indiana$500,000 Forgivable Loan to Advantix for Housing Project · Mar 2, 2026City of Elkhart, IndianaAdvantix Receives $500K Forgivable Loan for Sterling Ave Affordable Townhomes · Feb 26, 2026City of Elkhart, IndianaCity Donates Land to Advantix for 42-unit Housing Project · Feb 26, 2026City of Elkhart, IndianaElkhart Approves $500K Loan for Advantix Housing Project · Feb 10, 2026City of Elkhart, IndianaCommission funds $500,000 EDC loan to Advantix · Feb 10, 2026$500KAll Advantix Development Corporation contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Elkhart?

Advantix Development Corporation was awarded this financial services contract by City of Elkhart, as recorded on February 26, 2026. The contract value is Not to exceed $500,000.

How much is the Advantix Development Corporation contract with City of Elkhart worth?

The Advantix Development Corporation contract with City of Elkhart is valued at Not to exceed $500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Elkhart Finance Committee Special Call Meeting Agenda February 26 2026 (Agenda), dated February 26, 2026 from City of Elkhart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Advantix Development Corporation hold?

Advantix Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Elkhart currently buying?

Explore City of Elkhart's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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