FINANCIAL_SERVICESRECOMMENDED

MSHDA Recommends $10.58 Million Carriage House Loan

MSHDA recommended authorizing a loan of up to $10.58 million to Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership. The financing would support acquisition and substantial rehabilitation of the 124-unit Carriage House of Muskegon Apartments project.

Document date · August 20, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Loan not to exceed $10,580,000; total development cost estimated at $21,397,736
Contract type
FINANCIAL_SERVICES
Contract term
Up to 40 years from the first day of the month following loan issuance
Renewal date
2066-10-01
Renewal
Loan commitment is subject to issuance and sale of related bonds; authority lapses if bonds are not sold and delivered by November 30, 2026.
Document type
AgendaPacket
Source document
Michigan State Housing Development Authority Agenda Packet 2026-08-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Michigan State Housing Development Authority Board | State of Michigan?

Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership was awarded this financial services contract by Michigan State Housing Development Authority Board | State of Michigan, as recorded on August 20, 2026. The contract value is Loan not to exceed $10,580,000; total development cost estimated at $21,397,736.

How much is the Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership contract with Michigan State Housing Development Authority Board | State of Michigan worth?

The Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership contract with Michigan State Housing Development Authority Board | State of Michigan is valued at Loan not to exceed $10,580,000; total development cost estimated at $21,397,736, 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 Michigan State Housing Development Authority Agenda Packet 2026-08-20 (AgendaPacket), dated August 20, 2026 from Michigan State Housing Development Authority Board | State of Michigan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership hold?

Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership 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 Glick Carriage House Muskegon Limited Dividend Housing Association Limited Partnership's profile

What is Michigan State Housing Development Authority Board | State of Michigan currently buying?

Explore Michigan State Housing Development Authority Board | State of Michigan's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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