MSHDA Considers $150M Credit Facility with RBC
Michigan State Housing Development AuthorityState Housing Authority · Lansing, MI- Disclosed value
- $150,000,000
- From agenda
- Document date
- Jul 18, 2024
- Term
- Short-Term
The 30-second brief
The Michigan State Housing Development Authority is considering entering into a Short-Term Credit Facility with Royal Bank of Canada to borrow up to $150 million. These funds will finance the purchases of single-family mortgage loans and down payment assistance loans. The facility must be repaid by October 15, 2024.
Royal Bank Canada holds this credit facility contract with Michigan State Housing Development Authority. Its other public contracts on record include work for Resort Village of Thode and Riverhead Housing Development Corproration.
Term as filed: Short-Term.
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Contract details
- Contract type
- Credit Facility
- Amount
- $150,000,000
- Document date
- July 18, 2024
- Term
- Short-Term
- Vendor
- Royal Bank Canada
- Source document
- mshda_board_meeting_agenda_july_2024.pdf (Agenda)
Royal Bank Canada's other public contracts
More Michigan State Housing Development Authority contracts
Questions about this contract
Who was awarded the credit facility contract by Michigan State Housing Development Authority?
Royal Bank Canada was awarded this credit facility contract by Michigan State Housing Development Authority, as recorded on July 18, 2024. The contract value is $150,000,000.
How much is the Royal Bank Canada contract with Michigan State Housing Development Authority worth?
The Royal Bank Canada contract with Michigan State Housing Development Authority is valued at $150,000,000, covering credit facility work.
What type of contract is this?
This is a Credit Facility contract, documented as a agenda record.
Where was this contract approved?
This contract appears in mshda_board_meeting_agenda_july_2024.pdf (Agenda), dated July 18, 2024 from Michigan State Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Royal Bank Canada hold?
Royal Bank Canada 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 Michigan State Housing Development Authority currently buying?
Explore Michigan State Housing Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.