FINANCIAL_SERVICESONGOING

U.S. Bank to provide LIHTC equity for The LOMA

U.S. Bank will invest about $9.9 million in Housing Tax Credit equity to support construction and long-term affordability at The LOMA senior housing project in Minneapolis. The equity is tied to 4% federal credits and a 50‑year land use restriction agreement administered by Minnesota Housing.

Status
ONGOING
Document date
May 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
U.s. Bank
Agency
Minnesota Housing Finance Agency · MN

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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
$9,917,392
Contract type
FINANCIAL_SERVICES
Contract term
Housing Tax Credit equity delivered over compliance period per partnership agreement
Renewal
Tax credit equity is governed by the partnership’s HTC syndication and compliance schedule; no renewals are described beyond the 50‑year land use restriction and standard tax credit compliance periods.
Document type
AgendaPacket
Source document
Minnesota Housing Board Agenda Packet 2026-05-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Minnesota Housing Finance Agency?

U.s. Bank was awarded this financial services contract by Minnesota Housing Finance Agency, as recorded on May 28, 2026. The contract value is $9,917,392.

How much is the U.s. Bank contract with Minnesota Housing Finance Agency worth?

The U.s. Bank contract with Minnesota Housing Finance Agency is valued at $9,917,392, 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 Minnesota Housing Board Agenda Packet 2026-05-28 (AgendaPacket), dated May 28, 2026 from Minnesota Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank hold?

U.s. 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.

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What is Minnesota Housing Finance Agency currently buying?

Explore Minnesota Housing Finance Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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