Iowa Finance Authority Awards Financial Services Contract to Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily (October 2026)

The Iowa Finance Authority approved the sale of up to $45 million in Central at Orchard Court multifamily housing revenue bonds to Red Stone Tax Exempt Funding II LLC d/b/a Ready Capital Affordable Multifamily. The purchase will finance construction and related costs for the Iowa City affordable housing project.

Document date · October 7, 2026

Track Iowa Finance Authority contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Iowa Finance Authority.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $45,000,000

Contract type

FINANCIAL_SERVICES

Document type

Resolution

Source document

Iowa Finance Authority Resolution Resolution PAB 25-11B, Central at Orchard Court Project 2026-10-07

Frequently asked questions

Common questions about this contract, answered from the record.

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

Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily was awarded this financial services contract by Iowa Finance Authority, as recorded on October 7, 2026. The contract value is Not to exceed $45,000,000.

How much is the Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily contract with Iowa Finance Authority worth?

The Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily contract with Iowa Finance Authority is valued at Not to exceed $45,000,000, 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 Resolution PAB 25-11B, Central at Orchard Court Project 2026-10-07 (Resolution), dated October 7, 2026 from Iowa Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily hold?

Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily 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 Red Stone Tax Exempt Funding Ii Llc Dba Ready Capital Affordable Multifamily's 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.

View Iowa Finance Authority's profile