OTHERAWARDED

USA Properties Receives $12.85M Affordable Housing Loan

Fremont City Council awarded a $12.85 million loan to USA Properties Fund, Inc. for a 150-unit affordable housing project, structured as a 55-year loan at a 3% interest rate.

Status
AWARDED
Document date
March 19, 2024
Contract type
OTHER
Vendor
Usa Properties Fund Inc
Agency
City of Fremont · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$12.85 million (55-year loan at 3% simple interest)
Contract type
OTHER
Contract term
55 years
Renewal date
2079-03-19
Renewal
55-year loan term; long-term affordable housing financing. No auto-renewal or extension specified.
Document type
Agenda
Source document
Fremont City Council Meeting Agenda March 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Fremont?

Usa Properties Fund Inc was awarded this government contract by City of Fremont, as recorded on March 19, 2024. The contract value is $12.85 million (55-year loan at 3% simple interest).

How much is the Usa Properties Fund Inc contract with City of Fremont worth?

The Usa Properties Fund Inc contract with City of Fremont is valued at $12.85 million (55-year loan at 3% simple interest).

What type of contract is this?

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

Where was this contract approved?

This contract appears in Fremont City Council Meeting Agenda March 2024 (Agenda), dated March 19, 2024 from City of Fremont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Usa Properties Fund Inc hold?

Usa Properties Fund 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.

View Usa Properties Fund Inc's profile

What is City of Fremont currently buying?

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

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