MnCIFA Rescinds Neighborhood Development Center Loan
Minnesota Climate Innovation Finance Authority | State of MinnesotaState · St. Paul, MN- Disclosed value
- $3,000,000
- From staffreport
- Document date
- Aug 19, 2026
The 30-second brief
MnCIFA rescinded its prior $3 million loan approval for Neighborhood Development Center's Lake and Chicago Innovation Center. The authority cited ongoing project delays and stale underwriting and returned the funds for other Qualified Projects.
Neighborhood Development Center holds this financial services contract with Minnesota Climate Innovation Finance Authority | State of Minnesota. Its other public contracts on record include work for Hennepin County.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,000,000
- Document date
- August 19, 2026
- Source document
- Minnesota Climate Innovation Finance Authority StaffReport Rescind Loan Approval to Neighborhood Development Center Lake and Chicago Innovation Center 2026-08-19 (StaffReport)
Neighborhood Development Center's other public contracts
More Minnesota Climate Innovation Finance Authority | State of Minnesota contracts
Questions about this contract
Who was awarded the financial services contract by Minnesota Climate Innovation Finance Authority | State of Minnesota?
Neighborhood Development Center was awarded this financial services contract by Minnesota Climate Innovation Finance Authority | State of Minnesota, as recorded on August 19, 2026. The contract value is $3,000,000.
How much is the Neighborhood Development Center contract with Minnesota Climate Innovation Finance Authority | State of Minnesota worth?
The Neighborhood Development Center contract with Minnesota Climate Innovation Finance Authority | State of Minnesota is valued at $3,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Minnesota Climate Innovation Finance Authority StaffReport Rescind Loan Approval to Neighborhood Development Center Lake and Chicago Innovation Center 2026-08-19 (StaffReport), dated August 19, 2026 from Minnesota Climate Innovation Finance Authority | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Neighborhood Development Center hold?
Neighborhood Development Center 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 Minnesota Climate Innovation Finance Authority | State of Minnesota currently buying?
Explore Minnesota Climate Innovation Finance Authority | State of Minnesota's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.