FINANCIAL_SERVICESAPPROVED

city of Sacramento Housing Authority Awards Financial Services Contract to Capitol Area Development Authority (February 2024)

CADA acquired The Terraces at Capitol Park and assumed the existing loan, agreeing to repay $1,351,071 principal while eligible for accrued interest forgiveness upon payment.

Status
APPROVED
Document date
February 21, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Capitol Area Development Authority
Agency
city of Sacramento Housing Authority · CA

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TerraCycle logo
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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
Principal repayment $1,351,071
Contract type
FINANCIAL_SERVICES
Contract term
Assumed loan term through 2047 (original 55 years from 1992), effective transfer December 2023
Renewal date
2047-12-31
Renewal
Loan principal repayment ends CADA’s debt obligation except for any additional agreements for capital improvements or future assistance as project operator.
Document type
Agenda
Source document
Sacramento Housing and Redevelopment Commission Agenda February 2024

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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 Sacramento Housing Authority?

Capitol Area Development Authority was awarded this financial services contract by city of Sacramento Housing Authority, as recorded on February 21, 2024. The contract value is Principal repayment $1,351,071.

How much is the Capitol Area Development Authority contract with city of Sacramento Housing Authority worth?

The Capitol Area Development Authority contract with city of Sacramento Housing Authority is valued at Principal repayment $1,351,071, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Sacramento Housing and Redevelopment Commission Agenda February 2024 (Agenda), dated February 21, 2024 from city of Sacramento Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Capitol Area Development Authority hold?

Capitol Area Development Authority 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 Capitol Area Development Authority's profile

What is city of Sacramento Housing Authority currently buying?

Explore city of Sacramento Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View city of Sacramento Housing Authority's profile

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