RAHD Group to develop Green Manor Apartments rehab

CTCAC staff recommended reserving $3,280,956 in annual federal tax credits and $19.3 million in tax‑exempt bond cap for Green Manor Apartments, where RAHD Group, LLC will develop a $79.3 million senior acquisition‑rehab project in San Diego. The project includes a $10.1 million developer fee and 55‑year affordability commitments.

Scope & details

The full contract record, as filed.

Contract amount

$10,065,260 developer fee within $79,312,913 total project cost

Contract type

CONSTRUCTION

Contract term

55-year affordability/use restriction; construction expected October 2026 – December 2027

Renewal date

2082-12-31

Renewal

Standard LIHTC regulatory agreement will impose a 55‑year affordability term; no specific renewal or amendment terms for the developer contract are described.

Document type

AgendaPacket

Source document

California Tax Credit Allocation Committee AgendaPacket 2026-06-22

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California Tax Credit Allocation Committee AgendaPacket 2026-06-22

ONGOING

California Tax Credit Allocation Committee, CaliforniaJun 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by California Tax Credit Allocation Committee?

Rahd Group Llc was awarded this construction contract by California Tax Credit Allocation Committee, as recorded on June 22, 2026. The contract value is $10,065,260 developer fee within $79,312,913 total project cost.

How much is the Rahd Group Llc contract with California Tax Credit Allocation Committee worth?

The Rahd Group Llc contract with California Tax Credit Allocation Committee is valued at $10,065,260 developer fee within $79,312,913 total project cost, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in California Tax Credit Allocation Committee AgendaPacket 2026-06-22 (AgendaPacket), dated June 22, 2026 from California Tax Credit Allocation Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rahd Group Llc hold?

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