Iron Mountain Housing Commission Awards Construction Contract to Midway Square Preservation Ii Limited Dividend Housing Association Llc (January 2026)

Scope & details

The full contract record, as filed.

Contract amount

$19,805,296 loan (not to exceed); total development cost $38,391,732

Contract type

CONSTRUCTION

Contract term

Loan amortization and affordability restrictions run at least as long as bonds outstanding, minimum 15 years; 2-year construction/rehab period (est. 2026–2028)

Renewal date

2041-01-22

Renewal

Affordability restriction lasts while bonds/note are outstanding, at least 15 years and as long as regulatory or Section 8 contract. Section 8 renewed 20 years; subsequent refinancing possible.

Document type

Agenda

Source document

Michigan State Housing Development Authority Agenda January 2026

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Michigan State Housing Development Authority Minutes Regular Authority Meeting 2026-06-18

APPROVED

Michigan State Housing Development Authority, MichiganJun 18, 2026

Michigan State Housing Development Authority Minutes of Regular Authority Meeting 2026-06-18

APPROVED

Michigan state Housing Development Authority, MichiganJun 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Iron Mountain Housing Commission?

Midway Square Preservation Ii Limited Dividend Housing Association Llc was awarded this construction contract by Iron Mountain Housing Commission, as recorded on January 22, 2026. The contract value is $19,805,296 loan (not to exceed); total development cost $38,391,732.

How much is the Midway Square Preservation Ii Limited Dividend Housing Association Llc contract with Iron Mountain Housing Commission worth?

The Midway Square Preservation Ii Limited Dividend Housing Association Llc contract with Iron Mountain Housing Commission is valued at $19,805,296 loan (not to exceed); total development cost $38,391,732, covering construction work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Michigan State Housing Development Authority Agenda January 2026 (Agenda), dated January 22, 2026 from Iron Mountain Housing Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midway Square Preservation Ii Limited Dividend Housing Association Llc hold?

Midway Square Preservation Ii Limited Dividend Housing Association 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.

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What is Iron Mountain Housing Commission currently buying?

Explore Iron Mountain Housing Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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