FINANCIAL_SERVICESAPPROVED

Iron Mountain Housing Commission Awards $22,997,647 Financial Services Contract to Fifth Third Bank (July 2026)

MSHDA approved a financing structure for the Harbor Towers and Buss Avenue Apartments rehabilitation under which Fifth Third Bank will provide a cash-collateralized mortgage loan backing up to $22,997,647 in tax-exempt bonds during construction. The arrangement secures bond repayment while 173 units in Benton Harbor are substantially rehabilitated.

Status
APPROVED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Fifth Third Bank
Agency
Iron Mountain Housing Commission · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$22,997,647
Contract type
FINANCIAL_SERVICES
Renewal
Construction-phase credit enhancement; no renewals or extensions described beyond conversion to permanent financing.
Document type
AgendaPacket
Source document
Michigan State Housing Development Authority AgendaPacket 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iron Mountain Housing Commission?

Fifth Third Bank was awarded this financial services contract by Iron Mountain Housing Commission, as recorded on July 16, 2026. The contract value is $22,997,647.

How much is the Fifth Third Bank contract with Iron Mountain Housing Commission worth?

The Fifth Third Bank contract with Iron Mountain Housing Commission is valued at $22,997,647, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Michigan State Housing Development Authority AgendaPacket 2026-07-16 (AgendaPacket), dated July 16, 2026 from Iron Mountain Housing Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fifth Third Bank hold?

Fifth Third Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Fifth Third Bank's profile

What is Iron Mountain Housing Commission currently buying?

Explore Iron Mountain Housing Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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