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CONSTRUCTIONAPPROVED

Iron Mountain Housing Commission Awards Construction Contract to Standard Acq Rehab Llc (November 2025)

Standard Acq Rehab LLC and its affiliate secured a $20.8 million MSHDA-financed bond loan to acquire and renovate Pinebrook Manor, 136 affordable housing units in Lansing, with total development costs estimated at $34.9 million. The bonds are credit enhanced by Freddie Mac.

Document date · November 20, 2025

Issuing agencyIron Mountain Housing CommissionVendorStandard Acq Rehab Llc

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$34,921,748 (development cost); $20,842,000 (bond/loan amount)
Contract type
CONSTRUCTION
Contract term
Loan period corresponds to outstanding bonds and regulatory agreement; minimum per LIHTC/IRS/HUD compliance.
Renewal date
2041-12-31
Renewal
Project/regulatory compliance is for the life of the bonds/regulatory agreement (expected 15-30 years). Affordability extends as long as bonds are outstanding or required by federal regulations.
Document type
Agenda
Source document
Michigan State Housing Development Authority Agenda November 2025

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Iron Mountain Housing Commission, Michigan$34,921,748 (total development cost); $20,842,000 (loan amount)Nov 20, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

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

Standard Acq Rehab Llc was awarded this construction contract by Iron Mountain Housing Commission, as recorded on November 20, 2025. The contract value is $34,921,748 (development cost); $20,842,000 (bond/loan amount).

How much is the Standard Acq Rehab Llc contract with Iron Mountain Housing Commission worth?

The Standard Acq Rehab Llc contract with Iron Mountain Housing Commission is valued at $34,921,748 (development cost); $20,842,000 (bond/loan amount), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Michigan State Housing Development Authority Agenda November 2025 (Agenda), dated November 20, 2025 from Iron Mountain Housing Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Standard Acq Rehab Llc hold?

Standard Acq Rehab 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.

View Standard Acq Rehab Llc's profile

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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