City of Stockton Awards $2,800,000 Financial Services Contract to Mutual Housing (March 2026)
City of StocktonCity · Stockton, CA- Disclosed value
- $2,800,000
- From resolution
- Approved
- Mar 31, 2026
The 30-second brief
The Stockton City Council approved a $2,800,000, 55-year residual-receipts loan at 3% interest to Mutual Housing to finance the 76-unit Fairview Terrace affordable housing development. The loan will be secured by standard housing finance documents and repaid from project residual receipts with a balloon payment at maturity.
Mutual Housing holds this financial services contract with City of Stockton. Its other public contracts on record include work for San Joaquin Council Of Governments and City of Vacaville.
Term as filed: 55-year loan term at 3% interest with residual receipts repayment; 20-year minimum affordability period for HOME-funded projects, potentially longer with state HCD funds.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,800,000
- Document date
- March 31, 2026
- Term
- 55-year loan term at 3% interest with residual receipts repayment; 20-year minimum affordability period for HOME-funded projects, potentially longer with state HCD funds
- Vendor
- Mutual Housing
- Agency
- City of Stockton
- Source document
- Stockton City Council Resolution De-obligating and Approving Affordable Housing Loan Awards 2026-03-31 (Resolution)
Mutual Housing's other public contracts
More City of Stockton contracts
Questions about this contract
Who was awarded the financial services contract by City of Stockton?
Mutual Housing was awarded this financial services contract by City of Stockton, as recorded on March 31, 2026. The contract value is $2,800,000.
How much is the Mutual Housing contract with City of Stockton worth?
The Mutual Housing contract with City of Stockton is valued at $2,800,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in Stockton City Council Resolution De-obligating and Approving Affordable Housing Loan Awards 2026-03-31 (Resolution), dated March 31, 2026 from City of Stockton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mutual Housing hold?
Mutual Housing 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 Stockton currently buying?
Explore City of Stockton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.