Authority Approves Merchants Bank Bond Amendment
Iowa Finance AuthorityState Housing Authority · Des Moines, IA- Disclosed value
- Not to exceed $10,300,000
- From resolution
- Document date
- Jun 3, 2026
The 30-second brief
The Iowa Finance Authority authorized a Third Amendment with Merchants Bank of Indiana in connection with reissuing up to $10.3 million in Windsor Pointe multifamily housing revenue bonds. The action extends the bond maturity under the lender-borrower agreement, although the new maturity date was not disclosed.
Merchants Bank of Indiana holds this financial services contract with Iowa Finance Authority. Its other public contracts on record include work for Indianapolis Public Schools.
Term as filed: Third Confirmation and Amendment of Loan Documents (Facility A) authorized June 3, 2026; new maturity date not stated.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $10,300,000
- Document date
- June 3, 2026
- Term
- Third Confirmation and Amendment of Loan Documents (Facility A) authorized June 3, 2026; new maturity date not stated
- Agency
- Iowa Finance Authority
- Source document
- Iowa Finance Authority Resolution Authorizing the Reissuance of Multifamily Housing Revenue Bonds (Windsor Pointe Project) Series 2022 2026-06-03 (Resolution)
Merchants Bank of Indiana's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Iowa Finance Authority?
Merchants Bank of Indiana was awarded this financial services contract by Iowa Finance Authority, as recorded on June 3, 2026. The contract value is Not to exceed $10,300,000.
How much is the Merchants Bank of Indiana contract with Iowa Finance Authority worth?
The Merchants Bank of Indiana contract with Iowa Finance Authority is valued at Not to exceed $10,300,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Iowa Finance Authority Resolution Authorizing the Reissuance of Multifamily Housing Revenue Bonds (Windsor Pointe Project) Series 2022 2026-06-03 (Resolution), dated June 3, 2026 from Iowa Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Merchants Bank of Indiana hold?
Merchants Bank of Indiana may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Iowa Finance Authority currently buying?
Explore Iowa Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.