City of Palm Springs City Council Regular Meeting Agenda January 2026
City Commits $3.8M Loan for 82-Unit Affordable Project
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Description
The City of Palm Springs plans to commit a $3.8 million loan to Red Tail Multifamily Land Development. The financing will support construction of an 82‑unit affordable rental housing project at 305 West San Rafael Drive.
Contract Details
Contract Amount
$3,800,000
Vendor
RED TAIL MULTIFAMILY LAND DEVELOPMENT
Agency
City of De Queen, AR
Contract Type
FINANCIAL_SERVICES
Document Date
January 28, 2026
Renewal Info
Loan and related regulatory agreements to be structured by the City Manager, subject to City Attorney approval; specific repayment and term details not provided in the agenda text.
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