CONTRACTAPPROVED

City of Santa Cruz Awards Financial Services Contract to For the Future Housing Inc (June 2025)

Disclosed value: Not to exceed $7,255,621 (shared for Residential Components); From agenda
Approved: Jun 24, 2025

What it covers

Santa Cruz will enter into development and financing agreements with For the Future Housing Inc. for the Residential Components of the Downtown Library and Affordable Housing project. The City will execute loan and regulatory documents contributing to a funding package of up to $7,255,621 for the affordable units.

Who holds it

For the Future Housing Inc holds this financial services contract with City of Santa Cruz.

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Contract details

Contract type: Financial Services
Amount: Not to exceed $7,255,621 (shared for Residential Components)
Document date: June 24, 2025
Vendor: For the Future Housing Inc
Agency: City of Santa Cruz
Source document: City of Santa Cruz City Council Agenda June 2025 (Agenda)

For the Future Housing Inc's other public contracts

City of Santa Cruz, CaliforniaMixed-Use Project Agreements Approved with For the Future Housing · Jun 24, 2025 City of Santa Cruz, CaliforniaAgreements with For the Future Housing Approved · Jun 24, 2025 City of Santa Cruz, CaliforniaAffordable Housing Agreements Approved for Mixed-Use Project · Jun 24, 2025Undisclosed City of Santa Cruz, CaliforniaAffordable Housing Development Contracts Approved for Downtown Project · Jun 24, 2025 City of Santa Cruz, California136 River Street Project Loan up to $5 Million Approved · Sep 10, 2024 All For the Future Housing Inc contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Santa Cruz?

For the Future Housing Inc was awarded this financial services contract by City of Santa Cruz, as recorded on June 24, 2025. The contract value is Not to exceed $7,255,621 (shared for Residential Components).

How much is the For the Future Housing Inc contract with City of Santa Cruz worth?

The For the Future Housing Inc contract with City of Santa Cruz is valued at Not to exceed $7,255,621 (shared for Residential Components), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Santa Cruz City Council Agenda June 2025 (Agenda), dated June 24, 2025 from City of Santa Cruz. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does For the Future Housing Inc hold?

For the Future Housing 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 City of Santa Cruz currently buying?

Explore City of Santa Cruz's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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