Iowa Arts Council | State of Iowa Awards Financial Services Contract to Millwork Lofts at Wilmac Lp (July 2026)

The Iowa Finance Authority Board approved Resolution PAB 26-05A, authorizing an inducement for up to $15,400,000 in Multifamily Housing Revenue Bonds for Millwork Lofts at Wilmac, LP’s adaptive reuse of a historic warehouse into 112 affordable units in Dubuque. The limited-obligation bonds will be issued if the project secures 4% Low-Income Housing Tax Credits and required volume cap.

Document date · July 1, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $15,400,000

Contract type

FINANCIAL_SERVICES

Renewal

This is an inducement resolution expressing intent to issue bonds; final bond issuance and any ongoing obligations will be subject to separate future approvals, including tax credit and volume cap awards.

Document type

AgendaPacket

Source document

Iowa Finance Authority AgendaPacket Board Meeting 2026-07-01

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City of Dubuque Community Development Advisory Commission Agenda 2026-07-23

DISCUSSSED

Dubuque Regional Airport Commission, IowaJul 23, 2026

Iowa Finance Authority Agenda Board Meeting 2026-07-01

APPROVED

Iowa Finance Authority, IowaNot to exceed $15,400,000Jul 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iowa Arts Council | State of Iowa?

Millwork Lofts at Wilmac Lp was awarded this financial services contract by Iowa Arts Council | State of Iowa, as recorded on July 1, 2026. The contract value is Not to exceed $15,400,000.

How much is the Millwork Lofts at Wilmac Lp contract with Iowa Arts Council | State of Iowa worth?

The Millwork Lofts at Wilmac Lp contract with Iowa Arts Council | State of Iowa is valued at Not to exceed $15,400,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Iowa Finance Authority AgendaPacket Board Meeting 2026-07-01 (AgendaPacket), dated July 1, 2026 from Iowa Arts Council | State of Iowa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Millwork Lofts at Wilmac Lp hold?

Millwork Lofts at Wilmac Lp 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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