City of New Haven Economic Development Commission Agenda April 2026
Commission Approves Bonds for GLC New Haven Project
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Description
The New Haven Economic Development Commission approved Resolution R26-01 authorizing up to $5 million in taxable economic development revenue bonds for GLC New Haven, LLC’s Great Lakes Capital multifamily project. Bond proceeds will finance public infrastructure for the 240‑unit Homefront at Maplecrest development, with an estimated $55 million in infrastructure costs and new job creation.
Contract Details
Contract Amount
Not to exceed $5,000,000 (bond principal); related public infrastructure costs estimated not to exceed $55,000,000
Vendor
GLC NEW HAVEN LLC
Agency
City of New Haven, IN
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Renewal Info
Single financing authorization for issuance of Taxable Economic Development Revenue Bonds, Series 2026 (Great Lakes Capital Project); no renewals or extensions described.
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