City of Grand Rapids Minutes Official Proceedings of the City Commission 2026-06-16
City Funds Affordable Housing via Grand Rapids Community Foundation
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Description
The City Commission authorized a $9,595,000 payment to the Grand Rapids Community Foundation for deposit into the City of Grand Rapids Affordable Housing Fund, pursuant to an existing fiduciary services agreement. The Foundation will continue to administer funds to support local affordable housing initiatives.
Contract Details
Contract Amount
$9,595,000
Vendor
GRAND RAPIDS COMMUNITY FOUNDATION
Agency
City of Grand Rapids, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Renewal Info
References an existing fiduciary services agreement for the Affordable Housing Fund; this action funds but does not alter its term.
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