MSHDA induces $38M bond loan for Autumn Ridge rehab

Scope & details

The full contract record, as filed.

Contract amount

$38,000,000 loan amount; total development cost $60,807,363

Contract type

FINANCIAL_SERVICES

Contract term

Bond-financed permanent loan; term not fully specified in excerpt, income and rent restrictions run at least as long as bonds are outstanding and for required LIHTC and IRC §142(d) periods

Renewal

Not a renewal; initial inducement for a new Section 44c pass-through bond financing with affordability covenants lasting at least through the bond term and LIHTC/IRC §142(d) compliance periods.

Document type

AgendaPacket

Source document

Michigan State Housing Development Authority Agenda Packet 2026-05-21

Related contracts

Other contracts from Autumn Ridge Preservation Limited Dividend Housing Association Llc.

View all →

Michigan State Housing Development Authority Minutes of Regular Authority Meeting 2026-07-16

APPROVED

Michigan State Housing Development Authority, MichiganJul 16, 2026

Michigan State Housing Development Authority Agenda Packet 2026-05-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iron Mountain Housing Commission?

Autumn Ridge Preservation Limited Dividend Housing Association Llc was awarded this financial services contract by Iron Mountain Housing Commission, as recorded on May 21, 2026. The contract value is $38,000,000 loan amount; total development cost $60,807,363.

How much is the Autumn Ridge Preservation Limited Dividend Housing Association Llc contract with Iron Mountain Housing Commission worth?

The Autumn Ridge Preservation Limited Dividend Housing Association Llc contract with Iron Mountain Housing Commission is valued at $38,000,000 loan amount; total development cost $60,807,363, 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 Michigan State Housing Development Authority Agenda Packet 2026-05-21 (AgendaPacket), dated May 21, 2026 from Iron Mountain Housing Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Autumn Ridge Preservation Limited Dividend Housing Association Llc hold?

Autumn Ridge Preservation Limited Dividend Housing Association 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.

View Autumn Ridge Preservation Limited Dividend Housing Association Llc's profile

What is Iron Mountain Housing Commission currently buying?

Explore Iron Mountain Housing Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Iron Mountain Housing Commission's profile