City of Kalamazoo City Commission Business Meeting Agenda Packet 2026-06-15
City Approves $350,000 Loan for Zone 32 Housing
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Description
Kalamazoo intends to approve a $350,000 Housing Development Fund loan to Zone 32 Phase Two, LLC to help finance affordable housing units in Phase II of the Zone 32 apartment development. The loan will close a funding gap in the project’s capital stack.
Contract Details
Contract Amount
$350,000
Vendor
ZONE 32 PHASE TWO LLC
Agency
City of Kalamazoo, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
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