Michigan State Housing Development Authority Awards Financial Services Contract to Merchants Bank of Indiana (January 2024)
Michigan State Housing Development AuthorityState Housing Authority · Lansing, MI- Approved
- Jan 18, 2024
The 30-second brief
MSHDA approved use of a construction loan from Merchants Bank of Indiana as cash collateral to credit enhance the HōM Flats at 24 East multifamily housing revenue bonds during construction. The loan will be repaid upon conversion to permanent financing backed by Freddie Mac.
Merchants Bank of Indiana holds this financial services contract with Michigan State Housing Development Authority. Its other public contracts on record include work for Indianapolis Public Schools and Iowa Finance Authority.
Term as filed: Construction loan term through completion and conversion of HōM Flats at 24 East; cash collateral posted during construction.
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Contract details
- Contract type
- Financial Services
- Document date
- January 18, 2024
- Term
- Construction loan term through completion and conversion of HōM Flats at 24 East; cash collateral posted during construction
- Source document
- michigan_state_housing_development_authority_agend.pdf (Agenda)
Merchants Bank of Indiana's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Michigan State Housing Development Authority?
Merchants Bank of Indiana 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 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.
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