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Stencil Group Receives $6M TIF for Housing Project

City of Vermillion logoCity of Vermillion
Disclosed value
$6,000,000
From agenda
Document date
May 12, 2025

The 30-second brief

What it covers

Stencil Group will receive a $6 million TIF from the City of Vermillion to support public infrastructure costs for an affordable housing project split into two phases. The first phase includes the east half of the building and all public infrastructure.

Who holds it

Stencil Group holds this tax increment financing contract with City of Vermillion. Its other public contracts on record include work for City of Dundas and City of Yankton.

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Contract details

Contract type
Tax Increment Financing
Amount
$6,000,000
Document date
May 12, 2025
Term
NA
Vendor
Stencil Group
Agency
City of Vermillion
Source document
city-of-vermillion-agenda-2025-05-12_ad2.pdf (Agenda)

Stencil Group's other public contracts

City of Dundas, MinnesotaStencil Group To Build Cannon River Lofts · Aug 23, 2026City of Yankton, South DakotaStencil Group Receives TID Reimbursement Payment · Jul 27, 2026$45.1KCity of Pierre, South DakotaPlanning Commission Recommends Apartment Project by Stencil Group · Apr 27, 2026UndisclosedCity of Pierre, South DakotaStencil Group to Build 92-Unit Downtown Apartment Complex · Mar 31, 2026UndisclosedHousing Authority of the Town of Douglas, WyomingURA Development Agreement For Seven Trails Approved · Mar 23, 2026UndisclosedAll Stencil Group contractsVendor profile

More City of Vermillion contracts

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Questions about this contract

Who was awarded the tax increment financing contract by City of Vermillion?

Stencil Group was awarded this tax increment financing contract by City of Vermillion, as recorded on May 12, 2025. The contract value is $6,000,000.

How much is the Stencil Group contract with City of Vermillion worth?

The Stencil Group contract with City of Vermillion is valued at $6,000,000, covering tax increment financing work.

What type of contract is this?

This is a Tax Increment Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-vermillion-agenda-2025-05-12_ad2.pdf (Agenda), dated May 12, 2025 from City of Vermillion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Stencil Group hold?

Stencil Group 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 Vermillion currently buying?

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

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