CONTRACTAPPROVED

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

Approved: May 28, 2026

What it covers

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.

Who holds it

Merchants Bank of Indiana holds this financial services contract with NYC-Housing Development Corporation. Its other public contracts on record include work for Indianapolis Public Schools and Iowa Finance Authority.

What happens next

Term as filed: As specified in the 2026 Facility Agreement.

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Contract details

Contract type: Financial Services
Document date: May 28, 2026
Term: As specified in the 2026 Facility Agreement
Vendor: Merchants Bank of Indiana
Agency: NYC-Housing Development Corporation
Source document: New York City Housing Development Corporation Resolution Authorizing the Issuance of Housing Impact Bonds, 2026 Series B 2026-05-28 (Resolution)

Merchants Bank of Indiana's other public contracts

Indianapolis Public Schools, IndianaIPS Money Market Account Holds $65.66 Million · Aug 31, 2026Undisclosed Indianapolis Public Schools, IndianaIPS Invests Cash in Merchants Money Market · Aug 6, 2026 Indianapolis Public Schools, IndianaMerchants Bank Money Market Holds IPS Cash Reserves · Jun 3, 2026Undisclosed Iowa Finance Authority, IowaMerchants Bank Purchases Windsor Pointe Revenue Bonds · Jun 3, 2026 Iowa Finance Authority, IowaWindsor Pointe Bank Financing Amended In 2025 · Jun 3, 2026 All Merchants Bank of Indiana contractsVendor profile

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TRUSTEENYCHDC Officers Authorized to Select Bond Trustee · Jun 14, 2026Undisclosed BANKBank to Provide Letter of Credit for 2026 Bonds · Jun 14, 2026Undisclosed Underwriters (To Be Designated)NYC HDC Approves New Housing Impact Bonds Underwriter · Jun 14, 2026 Tender Agent (To Be Designated for Variable Interest Bonds)Tender Agent Appointment Approved for Impact Bonds · Jun 14, 2026Undisclosed Remarketing Agent (To Be Designated for Variable Interest Bonds)Remarketing Agent Engagement for NYC Impact Bonds · Jun 14, 2026Undisclosed All NYC-Housing Development Corporation activityAgency profile

Questions about this contract

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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