CONTRACTPENDING

City structures forgivable TIF loan for BCG housing project

Disclosed value: $10,000,000 (project cost; loan principal amount blank); From agenda
Document date: May 18, 2026

What it covers

The City of Kokomo and Brown Capital Group Contracts, LLC have negotiated a forgivable loan agreement under which the City will fund a taxable economic development revenue note for a 192-unit multifamily project using TIF revenues, secured by a junior mortgage. The loan, tied to an anticipated $10 million project cost, may be fully forgiven at maturity if detailed performance and compliance conditions are satisfied.

Who holds it

Brown Capital Group Contracts LLC holds this financial services contract with City of Kokomo. Its other public contracts on record include work for City of Evansville.

What happens next

Term as filed: Loan funded in draws under Series 2026 Note; maturity on __________, 203__ with potential forgiveness at maturity.

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Contract details

Contract type: Financial Services
Amount: $10,000,000 (project cost; loan principal amount blank)
Document date: May 18, 2026
Term: Loan funded in draws under Series 2026 Note; maturity on __________, 203__ with potential forgiveness at maturity
Vendor: Brown Capital Group Contracts LLC
Agency: City of Kokomo
Source document: Kokomo Common Council Agenda 2026-05-18 (Agenda)

Brown Capital Group Contracts LLC's other public contracts

City of Evansville, IndianaEvansville Considers Bond Financing for Brown Capital Group · Nov 3, 2026Undisclosed City of Kokomo, IndianaCity authorizes bond financing for BCG multifamily project · Jun 8, 2026 City of Kokomo, IndianaCity structures forgivable TIF loan for BCG project · May 18, 2026 City of Kokomo, IndianaBCG executes Series 2026 revenue note to city · May 18, 2026 All Brown Capital Group Contracts LLC contractsVendor profile

More City of Kokomo contracts

St. Joan Apartments LLCKokomo Considers $1.2 Million St. Joan Financing · Sep 28, 2026 St. Joan Apartments LLCKokomo Approves $1.2 Million St. Joan Loan · Sep 28, 2026 St. Joan Apartments LLCKokomo Approves $1.2 Million St. Joan Redevelopment Loan · Sep 14, 2026 G1 Construction IncG1 Construction Named in Development Plan Petition · Sep 8, 2026Undisclosed G1 Construction IncG1 Construction Seeks Sangsin Warehouse Plan Approval · Aug 26, 2026Undisclosed All City of Kokomo activityAgency profile

Questions about this contract

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

Brown Capital Group Contracts LLC was awarded this financial services contract by City of Kokomo, as recorded on May 18, 2026. The contract value is $10,000,000 (project cost; loan principal amount blank).

How much is the Brown Capital Group Contracts LLC contract with City of Kokomo worth?

The Brown Capital Group Contracts LLC contract with City of Kokomo is valued at $10,000,000 (project cost; loan principal amount blank), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Kokomo Common Council Agenda 2026-05-18 (Agenda), dated May 18, 2026 from City of Kokomo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Brown Capital Group Contracts LLC hold?

Brown Capital Group Contracts LLC 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 Kokomo currently buying?

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

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