CONTRACTAPPROVED

City of Stockton Awards $2,800,000 Financial Services Contract to Mutual Housing (March 2026)

Disclosed value: $2,800,000; From resolution
Approved: Mar 26, 2026

What it covers

The City of Stockton is awarding a $2,800,000 affordable housing loan to Mutual Housing for the 76-unit Fairview Terrace senior housing project as final gap funding. The financing will be structured as a 55-year loan at 3% interest with long-term affordability requirements.

Who holds it

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.

What happens next

Term as filed: 55-year loan term and affordability period at 3% simple interest.

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Contract details

Contract type: Financial Services
Amount: $2,800,000
Document date: March 26, 2026
Term: 55-year loan term and affordability period at 3% simple interest
Vendor: Mutual Housing
Agency: City of Stockton
Source document: City of Stockton Resolution De-obligating Previously Allocated Affordable Housing Funding and Approving Affordable Housing Loan Awards 2026-03-26 (Resolution)

Mutual Housing's other public contracts

San Joaquin Council Of Governments, CaliforniaMutual Housing seeks SJRHF funds for Fairview Terrace · Apr 13, 2026$2.8M City of Stockton, CaliforniaStockton Recommends Mutual Housing Affordable Loan · Mar 31, 2026$2.8M City of Stockton, CaliforniaCity Approves $2.8M Loan for Fairview Terrace Project · Mar 31, 2026$2.8M City of Vacaville, CaliforniaVacaville signs Agreement with Mutual Housing California · Sep 23, 2025Undisclosed Sacramento County, CaliforniaCable Commission Awards $25K Documentary Grant to Mutual Housing · Jun 13, 2025$25K All Mutual Housing contractsVendor profile

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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 26, 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 City of Stockton Resolution De-obligating Previously Allocated Affordable Housing Funding and Approving Affordable Housing Loan Awards 2026-03-26 (Resolution), dated March 26, 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.

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