UC Merced, Merced College finalize Promise Housing pact
Merced CollegeHigher Ed · Merced, CA- Disclosed value
- $108,557,000 total project budget (including $100,000,000 State grant award and $8,557,000 additional Regents-approved funding)
- From agreement
- Document date
- Jul 18, 2026
The 30-second brief
UC Merced enters into a 30-year intersegmental housing agreement with Merced College to develop, finance, and operate the 478-bed Promise Housing project, backed by $100 million in State grant funds and $8.557 million in additional Regents-approved funding. UC Merced will oversee development, issue and repay revenue bonds from State-funded appropriations, and manage ongoing operations and maintenance under a joint governance structure.
Regents of the University of California Uc Merced holds this facilities contract with Merced College. Its other public contracts on record include work for Aspire Stockton 6-12 Secondary Academy District and Visalia Unified.
Term as filed: 30 years, with two optional 10-year extensions for Merced College.
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Contract details
- Contract type
- Facilities
- Amount
- $108,557,000 total project budget (including $100,000,000 State grant award and $8,557,000 additional Regents-approved funding)
- Document date
- July 18, 2026
- Term
- 30 years, with two optional 10-year extensions for Merced College
- Agency
- Merced College
- Source document
- University of California Merced and Merced Community College District Intersegmental Housing Agreement 2026-07-18 (Agreement)
Regents of the University of California Uc Merced's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Merced College?
Regents of the University of California Uc Merced was awarded this facilities contract by Merced College, as recorded on July 18, 2026. The contract value is $108,557,000 total project budget (including $100,000,000 State grant award and $8,557,000 additional Regents-approved funding).
How much is the Regents of the University of California Uc Merced contract with Merced College worth?
The Regents of the University of California Uc Merced contract with Merced College is valued at $108,557,000 total project budget (including $100,000,000 State grant award and $8,557,000 additional Regents-approved funding), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agreement record.
Where was this contract approved?
This contract appears in University of California Merced and Merced Community College District Intersegmental Housing Agreement 2026-07-18 (Agreement), dated July 18, 2026 from Merced College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Regents of the University of California Uc Merced hold?
Regents of the University of California Uc Merced 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 Merced College currently buying?
Explore Merced College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.