FINANCIAL_SERVICESAPPROVED

Minnesota Housing Finance Agency Awards $1,531,000 Financial Services Contract to Loma Limited Partnership (May 2026)

Minnesota Housing approved a LMIR mortgage commitment of up to $1,531,000 to The Loma Limited Partnership to finance permanent debt for The LOMA, a 62‑unit affordable senior housing development in Minneapolis. The loan will convert from interest‑only during construction to a 40‑year amortizing term and be funded with tax‑exempt Rental Housing Bonds, with interest capped at 6.25%.

Status
APPROVED
Document date
May 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Loma Limited Partnership
Agency
Minnesota Housing Finance Agency · MN

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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
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
$1,531,000
Contract type
FINANCIAL_SERVICES
Contract term
Approximately 24‑month construction period plus 40‑year amortization; authorization expires August 1, 2026
Renewal date
2068-08-01
Renewal
Single 40‑year permanent mortgage following construction; LMIR interest rate cap may be reset if the loan does not close by August 1, 2026 at Minnesota Housing’s discretion.
Document type
AgendaPacket
Source document
Minnesota Housing Board Agenda Packet 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 Minnesota Housing Finance Agency?

Loma Limited Partnership was awarded this financial services contract by Minnesota Housing Finance Agency, as recorded on May 28, 2026. The contract value is $1,531,000.

How much is the Loma Limited Partnership contract with Minnesota Housing Finance Agency worth?

The Loma Limited Partnership contract with Minnesota Housing Finance Agency is valued at $1,531,000, covering financial services work.

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 Minnesota Housing Board Agenda Packet 2026-05-28 (AgendaPacket), dated May 28, 2026 from Minnesota Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Loma Limited Partnership hold?

Loma Limited Partnership may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Loma Limited Partnership's profile

What is Minnesota Housing Finance Agency currently buying?

Explore Minnesota Housing Finance Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Minnesota Housing Finance Agency's profile

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