City of Detroit Awards Financial Services Contract to Community Finance Corporation (October 2024)
City of DetroitCity · Detroit, MI- Disclosed value
- Not to exceed $30,000,000 (bond funding through affiliate)
- From agenda
- Approved
- Oct 30, 2024
The 30-second brief
Detroit Council resolution approves Community Finance Corporation, via its affiliate, as borrower for up to $30 million in Public Finance Authority bonds to fund affordable housing acquisitions and improvements.
Community Finance Corporation holds this financial services contract with City of Detroit. Its other public contracts on record include work for City of Oxnard.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $30,000,000 (bond funding through affiliate)
- Document date
- October 30, 2024
- Agency
- City of Detroit
- Source document
- City of Detroit Budget, Finance and Audit Standing Committee Meeting Agenda October 2024 (Agenda)
Community Finance Corporation's other public contracts
More City of Detroit contracts
Questions about this contract
Who was awarded the financial services contract by City of Detroit?
Community Finance Corporation was awarded this financial services contract by City of Detroit, as recorded on October 30, 2024. The contract value is Not to exceed $30,000,000 (bond funding through affiliate).
How much is the Community Finance Corporation contract with City of Detroit worth?
The Community Finance Corporation contract with City of Detroit is valued at Not to exceed $30,000,000 (bond funding through affiliate), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Detroit Budget, Finance and Audit Standing Committee Meeting Agenda October 2024 (Agenda), dated October 30, 2024 from City of Detroit. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Community Finance Corporation hold?
Community Finance 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 Detroit currently buying?
Explore City of Detroit's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.