Michigan State Land Bank Authority Board of Directors | State of Michigan Awards Financial Services Contract to New E.R.A. Community Group Inc (June 2025)
Michigan State Land Bank Authority Board of Directors | State of MichiganState · Lansing, MI- Disclosed value
- Up to $1,514,784
- From minutes
- Approved
- Jun 18, 2025
The 30-second brief
The State Land Bank Authority authorized recovery actions against New E.R.A. Community Group, Inc. for a housing development loan of up to $1,514,784. The authorization includes foreclosure and litigation after the borrower failed to repay the loan or cure defaults.
New E.R.A. Community Group Inc holds this financial services contract with Michigan State Land Bank Authority Board of Directors | State of Michigan. Its other public contracts on record include work for City of Detroit.
Term as filed: Loan documents executed February 5, 2024; repayment due February 5, 2025.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Up to $1,514,784
- Document date
- June 18, 2025
- Term
- Loan documents executed February 5, 2024; repayment due February 5, 2025
- Source document
- State Land Bank Authority Minutes Board Meeting June 18, 2025 (Minutes)
New E.R.A. Community Group Inc's other public contracts
More Michigan State Land Bank Authority Board of Directors | State of Michigan contracts
Questions about this contract
Who was awarded the financial services contract by Michigan State Land Bank Authority Board of Directors | State of Michigan?
New E.R.A. Community Group Inc was awarded this financial services contract by Michigan State Land Bank Authority Board of Directors | State of Michigan, as recorded on June 18, 2025. The contract value is Up to $1,514,784.
How much is the New E.R.A. Community Group Inc contract with Michigan State Land Bank Authority Board of Directors | State of Michigan worth?
The New E.R.A. Community Group Inc contract with Michigan State Land Bank Authority Board of Directors | State of Michigan is valued at Up to $1,514,784, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in State Land Bank Authority Minutes Board Meeting June 18, 2025 (Minutes), dated June 18, 2025 from Michigan State Land Bank Authority Board of Directors | State of Michigan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does New E.R.A. Community Group Inc hold?
New E.R.A. Community Group Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Michigan State Land Bank Authority Board of Directors | State of Michigan currently buying?
Explore Michigan State Land Bank Authority Board of Directors | State of Michigan's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.