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Advantix Receives $500K Forgivable Loan for Sterling Ave Affordable Townhomes

City of Elkhart logoCity of Elkhart
Disclosed value
$500,000 forgivable loan, total project $14,000,000
From minutes
Approved
Feb 26, 2026

The 30-second brief

What it covers

The Council approved a $500,000 forgivable loan to Advantix Development Corporation to cover increased costs for underground stormwater retention at a $14 million, 42-unit affordable housing project. Funding is from Consolidated South TIF and supplements prior IHCDA tax credit award.

Who holds it

Advantix Development Corporation holds this contract with City of Elkhart.

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Contract details

Amount
$500,000 forgivable loan, total project $14,000,000
Document date
February 26, 2026
Vendor
Advantix Development Corporation
Agency
City of Elkhart
Source document
Elkhart City Council Meeting Minutes February 2026 (Minutes)

Advantix Development Corporation's other public contracts

City of Elkhart, Indiana$500,000 Forgivable Loan to Advantix for Housing Project · Mar 2, 2026City of Elkhart, IndianaCity Donates Land to Advantix for 42-unit Housing Project · Feb 26, 2026City of Elkhart, IndianaCity Proposes $500,000 Forgivable TIF Loan for Advantix Affordable Housing Project · Feb 26, 2026City of Elkhart, IndianaElkhart Approves $500K Loan for Advantix Housing Project · Feb 10, 2026City of Elkhart, IndianaCommission funds $500,000 EDC loan to Advantix · Feb 10, 2026$500KAll Advantix Development Corporation contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of Elkhart?

Advantix Development Corporation was awarded this government contract by City of Elkhart, as recorded on February 26, 2026. The contract value is $500,000 forgivable loan, total project $14,000,000.

How much is the Advantix Development Corporation contract with City of Elkhart worth?

The Advantix Development Corporation contract with City of Elkhart is valued at $500,000 forgivable loan, total project $14,000,000.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Elkhart City Council Meeting Minutes February 2026 (Minutes), dated February 26, 2026 from City of Elkhart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Advantix Development Corporation hold?

Advantix Development Corporation 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 Elkhart currently buying?

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

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