Additional Bonds Sought for Lafayette Apartments Project
Illinois Housing Development AuthorityState Housing Authority · Chicago, IL- Disclosed value
- $4.9M conduit bond loan and $2.37M home loan; additional bonds not to exceed $1.3M
- From minutes
- Document date
- Apr 17, 2026
The 30-second brief
IHDA reviewed Lafayette Apartments’ existing $4.9 million conduit bond loan and $2.37 million home loan and determined additional bonds up to $1.3 million are needed. The extra issuance will help the sponsor meet the 50% test and maintain eligibility for 4% low-income housing tax credits.
Lafayette Apartments holds this financial services contract with Illinois Housing Development Authority. Its other public contracts on record include work for City of Long Beach.
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Contract details
- Contract type
- Financial Services
- Amount
- $4.9M conduit bond loan and $2.37M home loan; additional bonds not to exceed $1.3M
- Document date
- April 17, 2026
- Vendor
- Lafayette Apartments
- Source document
- Illinois Housing Development Authority Finance Committee Minutes April 2026 (Minutes)
Lafayette Apartments's other public contracts
More Illinois Housing Development Authority contracts
Questions about this contract
Who was awarded the financial services contract by Illinois Housing Development Authority?
Lafayette Apartments was awarded this financial services contract by Illinois Housing Development Authority, as recorded on April 17, 2026. The contract value is $4.9M conduit bond loan and $2.37M home loan; additional bonds not to exceed $1.3M.
How much is the Lafayette Apartments contract with Illinois Housing Development Authority worth?
The Lafayette Apartments contract with Illinois Housing Development Authority is valued at $4.9M conduit bond loan and $2.37M home loan; additional bonds not to exceed $1.3M, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Illinois Housing Development Authority Finance Committee Minutes April 2026 (Minutes), dated April 17, 2026 from Illinois Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Lafayette Apartments hold?
Lafayette Apartments 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 Illinois Housing Development Authority currently buying?
Explore Illinois Housing Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.