Michigan State Housing Development Authority Awards Financial Services Contract to Federal Home Loan Mortgage Corporation (January 2024)
Michigan State Housing Development AuthorityState Housing Authority · Lansing, MI- Approved
- Jan 18, 2024
The 30-second brief
MSHDA authorized use of a Freddie Mac Standby Credit Enhancement Agreement to back the permanent Funding Loan for the HōM Flats at 24 East project after construction. Freddie Mac’s commitment to purchase the Funding Loan will secure long-term repayment of the Authority’s financing.
Federal Home Loan Mortgage Corporation holds this financial services contract with Michigan State Housing Development Authority. Its other public contracts on record include work for Housing Finance Authority of Miami-Dade County and Town of Danville.
Term as filed: Permanent loan credit enhancement term for HōM Flats at 24 East, matching duration of the permanent note and Funding Loan.
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Contract details
- Contract type
- Financial Services
- Document date
- January 18, 2024
- Term
- Permanent loan credit enhancement term for HōM Flats at 24 East, matching duration of the permanent note and Funding Loan
- Source document
- michigan_state_housing_development_authority_agend.pdf (Agenda)
Federal Home Loan Mortgage Corporation's other public contracts
More Michigan State Housing Development Authority contracts
Questions about this contract
Who was awarded the financial services contract by Michigan State Housing Development Authority?
Federal Home Loan Mortgage Corporation was awarded this financial services contract by Michigan State Housing Development Authority, as recorded on January 18, 2024.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in michigan_state_housing_development_authority_agend.pdf (Agenda), dated January 18, 2024 from Michigan State Housing Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Federal Home Loan Mortgage Corporation hold?
Federal Home Loan Mortgage Corporation 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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