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City of Kokomo Awards $26,000,000 Economic Development Agreement Contract to Affordable Market Rate (July 2025)

City of Kokomo
Disclosed value
$26,000,000
From minutes
Approved
Jul 14, 2025

The 30-second brief

What it covers

City of Kokomo approves $26 million economic development agreement with Affordable Market Rate, LLC for a multifamily development project in the Pleasant Brook Economic Development Area, through issuing revenue bonds.

Who holds it

Affordable Market Rate holds this economic development agreement contract with City of Kokomo. Its other public contracts on record include work for Kokomo & Howard County Governmental Coordinating Council.

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Contract details

Contract type
Economic Development Agreement
Amount
$26,000,000
Document date
July 14, 2025
Term
NA
Vendor
Affordable Market Rate
Agency
City of Kokomo
Source document
city-of-kokomo-common-council-meeting-minutes-july-14-2025_bb4.pdf (Minutes)

Affordable Market Rate's other public contracts

Kokomo & Howard County Governmental Coordinating Council, IndianaKokomo Invests $11M in Housing with Bonds · Jul 28, 2025$11MCity of Kokomo, IndianaKokomo approves $11M bond for Pleasant Brook project · Jul 28, 2025$11MKokomo & Howard County Governmental Coordinating Council, IndianaKokomo invests $26M in Economic Development Area · Jul 14, 2025$26MCity of Kokomo, IndianaAffordable Market Rate awarded $11M tax increment bonds for multifamily project · Jul 14, 2025$11MKokomo & Howard County Governmental Coordinating Council, IndianaPleasant Brook Plat Approval Requested · Mar 12, 2024UndisclosedAll Affordable Market Rate contractsVendor profile

More City of Kokomo contracts

St. Joan Apartments LLCKokomo Considers $1.2 Million St. Joan Financing · Sep 28, 2026St. Joan Apartments LLCKokomo Approves $1.2 Million St. Joan Loan · Sep 28, 2026St. Joan Apartments LLCKokomo Approves $1.2 Million St. Joan Redevelopment Loan · Sep 14, 2026G1 Construction IncG1 Construction Named in Development Plan Petition · Sep 8, 2026UndisclosedG1 Construction IncG1 Construction Seeks Sangsin Warehouse Plan Approval · Aug 26, 2026UndisclosedAll City of Kokomo activityAgency profile

Questions about this contract

Who was awarded the economic development agreement contract by City of Kokomo?

Affordable Market Rate was awarded this economic development agreement contract by City of Kokomo, as recorded on July 14, 2025. The contract value is $26,000,000.

How much is the Affordable Market Rate contract with City of Kokomo worth?

The Affordable Market Rate contract with City of Kokomo is valued at $26,000,000, covering economic development agreement work.

What type of contract is this?

This is a Economic Development Agreement contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-kokomo-common-council-meeting-minutes-july-14-2025_bb4.pdf (Minutes), dated July 14, 2025 from City of Kokomo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Affordable Market Rate hold?

Affordable Market Rate 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 Kokomo currently buying?

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

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