Minnesota Housing Board Agenda Packet 2026-05-28
U.S. Bank to provide HTC equity for LOMA
Trusted by teams at
Description
Minnesota Housing’s financing plan for The LOMA includes U.S. Bank as the Housing Tax Credit equity investor, contributing roughly $9.9 million in equity proceeds. The investment is based on annual 4% tax credits and a 50‑year Land Use Restrictive Agreement.
Contract Details
Contract Amount
$9,917,392 (HTC equity proceeds)
Vendor
U.S. BANK
Agency
Minnesota Housing Finance Agency, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
50-year Land Use Restrictive Agreement for Housing Tax Credits
Renewal Date
2076-12-31
Renewal Info
HTC-related regulatory and equity agreements are tied to a 50‑year land use restriction; no separate renewal is described.
More from U.S. BANK
Related Contracts
Northern Sonoma County Fire Protection District AgendaPacket Regular Board of Directors’ Meeting 2026-06-18
APPROVEDHidden Valley Lake Community Services District AgendaPacket 2026-06-17
ONGOINGCity of Clawson Agenda Packet 2026-06-16
APPROVEDTehachapi City Council Agenda Packet 2026-06-15
APPROVEDSan Gabriel County Water District Agenda Packet 2026-06-09
APPROVEDIssuing Agency
Minnesota Housing Finance Agency
State Housing Authority
St. Paul, MN
More from Minnesota Housing Finance Agency
Minnesota Housing Board Agenda Packet 2026-05-28
Minnesota Housing Board Agenda Packet 2026-05-28
Minnesota Housing Board Agenda Packet 2026-05-28
Minnesota Housing Board Agenda Packet 2026-05-28
Minnesota Housing Board Agenda Packet 2026-05-28
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.