OTHERAPPROVED

Kokomo Approves $1.2 Million St. Joan Redevelopment Loan

The City of Kokomo approved legal agreements with St. Joan Apartments, LLC for redevelopment of the former St. Joan campus. The project includes a $1.2 million forgivable loan supported by tax increment financing, approximately 43 multifamily units, commercial space, and ADA-accessible housing, with forgiveness after five years if project conditions are met.

Document date · September 14, 2026

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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
$1,200,000 forgivable loan
Contract type
OTHER
Contract term
Five years, subject to completion, continuous operation, and compliance with applicable local requirements
Renewal
Loan forgiveness is conditioned on project completion, continuous operation, and compliance for five years. The junior mortgage is released upon issuance of the final certificate of occupancy; no renewal option is stated.
Document type
Minutes
Source document
City of Kokomo Minutes Regular Meeting Minutes September 14, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Kokomo?

St. Joan Apartments Llc was awarded this government contract by City of Kokomo, as recorded on September 14, 2026. The contract value is $1,200,000 forgivable loan.

How much is the St. Joan Apartments Llc contract with City of Kokomo worth?

The St. Joan Apartments Llc contract with City of Kokomo is valued at $1,200,000 forgivable loan.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Kokomo Minutes Regular Meeting Minutes September 14, 2026 (Minutes), dated September 14, 2026 from City of Kokomo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does St. Joan Apartments Llc hold?

St. Joan Apartments 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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