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Council Approves $11M Direct Loan to Garrison Frazier for Benham Housing Project

City of Elkhart logoCity of Elkhart
Disclosed value
$11,000,000 (city direct loan), total project ~ $51,000,000
From minutes
Approved
Feb 26, 2026
Renews
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The 30-second brief

What it covers

The City Council approved a direct loan of $11 million to Garrison Frazier for a $51 million mixed-use housing project in the Benham Neighborhood, using TIF funding and tax credits. The development includes retail and residential spaces to address the city's housing shortage, with ground breaking projected for fall 2026 and TIF recapture over 25 years.

Who holds it

Garrison Frazier holds this contract with City of Elkhart.

What happens next

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Contract details

Amount
$11,000,000 (city direct loan), total project ~ $51,000,000
Document date
February 26, 2026
Term
25 years (TIF recapture period), project timeline to break ground fall 2026
Renews
On record
Vendor
Garrison Frazier
Agency
City of Elkhart
Source document
Elkhart City Council Meeting Minutes February 2026 (Minutes)

Garrison Frazier's other public contracts

City of Elkhart, IndianaCommission to Consider Garrison Frazier Project Loan · Nov 10, 2026UndisclosedCity of Elkhart, IndianaCity Approves $11M Loan to Garrison Frazier for Housing Project · Mar 2, 2026City of Elkhart, IndianaGarrison Frazier Management Commitment for Housing Project · Feb 26, 2026UndisclosedAll Garrison Frazier contractsVendor profile

More City of Elkhart contracts

Warrick & BoynWarrick and Boyn Invoice Scheduled for Review · Nov 10, 2026UndisclosedFrazier, GarrisonElkhart Plans TIF-Funded Loan for Garrison Frazier Project · Nov 10, 2026UndisclosedGarrison FrazierCommission to Consider Garrison Frazier Project Loan · Nov 10, 2026UndisclosedSelge ConstructionSelge Construction Change Order Planned for Main Street · Nov 10, 2026$23.5KChurch Community ServicesAccess Agreement Planned for Church Community Services · Nov 10, 2026UndisclosedAll City of Elkhart activityAgency profile

Questions about this contract

Who was awarded the government contract by City of Elkhart?

Garrison Frazier was awarded this government contract by City of Elkhart, as recorded on February 26, 2026. The contract value is $11,000,000 (city direct loan), total project ~ $51,000,000.

How much is the Garrison Frazier contract with City of Elkhart worth?

The Garrison Frazier contract with City of Elkhart is valued at $11,000,000 (city direct loan), total project ~ $51,000,000.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Elkhart City Council Meeting Minutes February 2026 (Minutes), dated February 26, 2026 from City of Elkhart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Garrison Frazier hold?

Garrison Frazier 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 Elkhart currently buying?

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

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