MSHDA Provides Workforce Housing Project Financing
City of Lathrup VillageCity · Lathrup Village, MI- Document date
- Nov 14, 2026
The 30-second brief
The Michigan State Housing Development Authority provided Accelerator Fund financing for Lathrup Village's proposed workforce housing development. MSHDA approved a 30-year loan structure while reserving the ability to modify the terms if the City authorizes a PILOT extension aligned with the financing, potentially supporting a term of up to 40 years.
Michigan State Housing Development Authority holds this financial services contract with City of Lathrup Village. Its other public contracts on record include work for Macomb Community Action and Ingham County Land Bank Fast Track Authority.
Term as filed: 30-year loan approved/under consideration, with potential extension or modification to align with a 40-year financing term; closing typically 6-12 months after board approval.
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Contract details
- Contract type
- Financial Services
- Document date
- November 14, 2026
- Term
- 30-year loan approved/under consideration, with potential extension or modification to align with a 40-year financing term; closing typically 6-12 months after board approval
- Agency
- City of Lathrup Village
- Source document
- City of Lathrup Village AgendaPacket 2026-11-16 Special City Council Meeting (AgendaPacket)
Michigan State Housing Development Authority's other public contracts
More City of Lathrup Village contracts
Questions about this contract
Who was awarded the financial services contract by City of Lathrup Village?
Michigan State Housing Development Authority was awarded this financial services contract by City of Lathrup Village, as recorded on November 14, 2026.
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 City of Lathrup Village AgendaPacket 2026-11-16 Special City Council Meeting (AgendaPacket), dated November 14, 2026 from City of Lathrup Village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Michigan State Housing Development Authority hold?
Michigan State Housing Development Authority 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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