FINANCIAL_SERVICESRECOMMENDED

City to Recast $1.2 Million Loan for Fairview Project

The City of Burbank plans to roll over $1,215,384.73 in existing City loans to the Burbank Housing Corporation for The Village at Fairview affordable housing project, subject to the project winning tax credits. A formal commitment letter will secure the recast financing pending final loan documents.

Status
RECOMMENDED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Burbank Housing Corporation
Agency
City of Burbank - Water and Power · 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
$1,215,384.73
Contract type
FINANCIAL_SERVICES
Contract term
Contingent on award of tax credits; intended long-term affordable housing financing (55-year affordability to be reflected in future documents)
Renewal
Existing City loan for the Fairview site will be recast and rolled over into new long-term financing documents after tax credit award, with regulatory agreements expected to include 55-year affordability requirements.
Document type
StaffReport
Source document
City of Burbank Staff Report Adoption of Resolutions with the Burbank Housing Corporation 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Burbank - Water and Power?

Burbank Housing Corporation was awarded this financial services contract by City of Burbank - Water and Power, as recorded on May 19, 2026. The contract value is $1,215,384.73.

How much is the Burbank Housing Corporation contract with City of Burbank - Water and Power worth?

The Burbank Housing Corporation contract with City of Burbank - Water and Power is valued at $1,215,384.73, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Burbank Staff Report Adoption of Resolutions with the Burbank Housing Corporation 2026-05-19 (StaffReport), dated May 19, 2026 from City of Burbank - Water and Power. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Burbank Housing Corporation hold?

Burbank Housing Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Burbank - Water and Power currently buying?

Explore City of Burbank - Water and Power's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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