indiana-housing-and-community-development-authority-board-minutes-august-28-2025_071.pdf
IHCDA imposes suspension and fine on BIC Inc.
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Description
As part of the Canal Village III action, IHCDA imposed a one‑year suspension from capital funding eligibility on BIC, Inc. and approved a $32,500 fine at the end of that suspension. The sanctions accompany project financing decisions for Canal Village III.
Contract Details
Vendor
BIC INC
Agency
Indiana Housing and Community Development Au, IN
Contract Type
OTHER
Document Date
August 28, 2025
Contract Term
One-year suspension from IHCDA capital funding eligibility
Renewal Info
One-year suspension period after which eligibility and fine status may be revisited; no automatic renewal noted.
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