City of Kalamazoo City Commission Business Meeting Agenda 2026-06-15
City Approves $350K Loan to Zone 32 Phase Two LLC
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Description
Kalamazoo will provide a $350,000 Housing Development Fund loan to Zone 32 Phase Two, LLC as gap financing for affordable housing units in Phase II of the Zone 32 apartment project. The loan supports continued development of the Zone 32 area.
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
Renewal Info
Loan agreement terms, maturity date, and any extension options are not detailed in the agenda.
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