MSHDA to induce $38M bond-financed loan for Autumn Ridge rehab

Scope & details

The full contract record, as filed.

Contract amount

$38,000,000 loan financed by limited obligation multifamily housing revenue bonds within a total development cost of $60,807,363

Contract type

FINANCIAL_SERVICES

Contract term

Bond-financed loan term not fully specified; regulatory income and rent restrictions will remain for at least the bond term and not less than the periods required by LIHTC and IRS Section 142(d)

Renewal

Initial inducement for a new Section 44c pass-through bond financing; future commitments and closings will set detailed loan and bond terms.

Document type

AgendaPacket

Source document

Michigan State Housing Development Authority Agenda Packet 2026-05-21

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Michigan State Housing Development Authority Minutes of Regular Authority Meeting 2026-07-16

APPROVED

Michigan State Housing Development Authority, MichiganJul 16, 2026

Michigan State Housing Development Authority Agenda Packet 2026-05-21

PENDING

Iron Mountain Housing Commission, Michigan$38,000,000 loan amount; total development cost $60,807,363May 21, 2026

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?

Autumn Ridge Preservation Limited Dividend Housing Association Llc was awarded this financial services contract by Michigan state Housing Development Authority, as recorded on May 21, 2026. The contract value is $38,000,000 loan financed by limited obligation multifamily housing revenue bonds within a total development cost of $60,807,363.

How much is the Autumn Ridge Preservation Limited Dividend Housing Association Llc contract with Michigan state Housing Development Authority worth?

The Autumn Ridge Preservation Limited Dividend Housing Association Llc contract with Michigan state Housing Development Authority is valued at $38,000,000 loan financed by limited obligation multifamily housing revenue bonds within a total development cost of $60,807,363, 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 Michigan State Housing Development Authority Agenda Packet 2026-05-21 (AgendaPacket), dated May 21, 2026 from Michigan state Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Autumn Ridge Preservation Limited Dividend Housing Association Llc hold?

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