NYC-Housing Development Corporation Awards Financial Services Contract to Merchants Bank of Indiana (May 2026)

The New York City Housing Development Corporation authorized a Facility Agreement with Merchants Bank of Indiana as administrative agent for itself and certain other entities in connection with the issuance of Housing Impact Bonds, 2026 Series B. This agreement provides for advances and administrative services related to the financing of the 2026 Mortgage Loan.

Document date · May 28, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

As specified in the 2026 Facility Agreement

Renewal

Renewal or extension will follow provisions as set forth in the 2026 Facility Agreement. The agreement's term is coordinated with the bond financing timeline and the 2026 Mortgage Loan.

Document type

Resolution

Source document

New York City Housing Development Corporation Resolution Authorizing the Issuance of Housing Impact Bonds, 2026 Series B 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 NYC-Housing Development Corporation?

Merchants Bank of Indiana was awarded this financial services contract by NYC-Housing Development Corporation, as recorded on May 28, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in New York City Housing Development Corporation Resolution Authorizing the Issuance of Housing Impact Bonds, 2026 Series B 2026-05-28 (Resolution), dated May 28, 2026 from NYC-Housing Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merchants Bank of Indiana hold?

Merchants Bank of Indiana 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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