CONTRACTAPPROVED

City of King Awards $20,000,000 Loan Contract to Chispa (Community Housing Improvement Systems and Planning Association, Inc.) (October 2025)

Disclosed value: $20,000,000; From agenda
Approved: Oct 28, 2025

What it covers

The City Council authorized support for CHISPA's $20 million Disaster Recovery Funding loan application for affordable housing with deferred payments over 55 years at 3% interest.

Who holds it

Chispa (Community Housing Improvement Systems and Planning Association, Inc.) holds this loan contract with City of King. Its other public contracts on record include work for Monterey County.

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Contract details

Contract type: Loan
Amount: $20,000,000
Document date: October 28, 2025
Term: NA
Vendor: Chispa (Community Housing Improvement Systems and Planning Association, Inc.)
Agency: City of King
Source document: city_of_king_city_council_regular_meeting_agenda_o.pdf (Agenda)

Chispa (Community Housing Improvement Systems and Planning Association, Inc.)'s other public contracts

Monterey County, CaliforniaAffordable Housing Project with $7.2M fund · Sep 30, 2025$7.3M Monterey County, CaliforniaCHISPA designated Affordable Housing Developer · Sep 30, 2025Undisclosed City of King, CaliforniaKing City approves funding of CHISPA's affordable housing project · Mar 25, 2025$126.2K City of King, CaliforniaCHISPA seeks approval for carports at apartments · Feb 18, 2025Undisclosed City of King, CaliforniaCHISPA requests design change for carports installation · Jan 21, 2025Undisclosed

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Kimley Horn & AssociatesKing City Recommends Kimley Horn Airport Services · Oct 13, 2026Undisclosed Kimley HornKimley Horn Scope Planned for Airport Pavement Project · Oct 12, 2026Undisclosed Ericson, KenFBO Agreement with Ken Ericson Discussed · Oct 12, 2026Undisclosed English AirEnglish Air Taking Over Airport Hangar Space · Oct 12, 2026Undisclosed Standard Insurance CompanyStandard Insurance Paid for Employee Coverage · Sep 18, 2026$1.5K All City of King activityAgency profile

Questions about this contract

Who was awarded the loan contract by City of King?

Chispa (Community Housing Improvement Systems and Planning Association, Inc.) was awarded this loan contract by City of King, as recorded on October 28, 2025. The contract value is $20,000,000.

How much is the Chispa (Community Housing Improvement Systems and Planning Association, Inc.) contract with City of King worth?

The Chispa (Community Housing Improvement Systems and Planning Association, Inc.) contract with City of King is valued at $20,000,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_of_king_city_council_regular_meeting_agenda_o.pdf (Agenda), dated October 28, 2025 from City of King. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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