Iowa Finance Authority Awards Financial Services Contract to Millwork Lofts at Wilmac Lp (July 2026)

The Iowa Finance Authority approved an inducement resolution for Millwork Lofts at Wilmac, LP and declared its intent to issue up to $15.4 million in multifamily housing revenue bonds. The planned financing would support a 112-unit adaptive-reuse affordable housing project in Dubuque, subject to a future 4% LIHTC award.

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

Contract term

Future issuance contingent on award of 4% Low-Income Housing Tax Credits

Renewal

Future bond issuance is contingent on the borrower receiving 4% Low-Income Housing Tax Credits and a separate volume-cap allocation.

Document type

Agenda

Source document

Iowa Finance Authority Agenda Board Meeting 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iowa Finance Authority?

Millwork Lofts at Wilmac Lp was awarded this financial services contract by Iowa Finance Authority, 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 Finance Authority worth?

The Millwork Lofts at Wilmac Lp contract with Iowa Finance Authority 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 agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Iowa Finance Authority Agenda Board Meeting 2026-07-01 (Agenda), dated July 1, 2026 from Iowa Finance Authority. 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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