Michigan State Housing Development Authority Awards Financial Services Contract to Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association Llc (July 2026)

MSHDA authorized a tax-exempt loan of up to $22,997,647 to Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association, LLC, financed by multifamily housing revenue bonds and notes for the Harbor Towers and Buss Avenue Apartments rehabilitation. The financing covers acquisition, substantial rehab, and equipping of 173 affordable units in Benton Harbor.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $22,997,647

Contract type

FINANCIAL_SERVICES

Renewal

Initial construction-to-permanent loan structure with potential conversion to permanent phase subject to conditions; no separate renewal terms specified.

Document type

AgendaPacket

Source document

Michigan State Housing Development Authority AgendaPacket 2026-07-16

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Michigan State Housing Development Authority Minutes of Regular Authority Meeting 2026-07-16

APPROVED

Michigan State Housing Development Authority, MichiganJul 16, 2026

Michigan State Housing Development Authority AgendaPacket 2026-07-16

AWARDED

Iron Mountain Housing Commission, MichiganNot to exceed $22,997,647Jul 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Michigan State Housing Development Authority?

Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association Llc was awarded this financial services contract by Michigan State Housing Development Authority, as recorded on July 16, 2026. The contract value is Not to exceed $22,997,647.

How much is the Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association Llc contract with Michigan State Housing Development Authority worth?

The Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association Llc contract with Michigan State Housing Development Authority is valued at Not to exceed $22,997,647, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

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

What other contracts does Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association Llc hold?

Benton Harbor Affordable Housing Solutions Limited Dividend Housing Association Llc 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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