FINANCIAL_SERVICESAPPROVED

city OF ALAMEDA HOUSING AUTHORITY Awards Financial Services Contract to Pnc Bank Na (June 2026)

The board authorized using Housing Authority reserves to pay off an estimated $8.24 million balloon payment owed to PNC Bank, N.A. for Eagle Village and Parrot Village by August 1, 2026, or alternatively to extend the loan briefly or replace it with a short-term bridge loan.

Status
APPROVED
Document date
June 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Bank Na
Agency
city OF ALAMEDA HOUSING AUTHORITY · 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
Balloon payment of an estimated $8.24 million by August 1, 2026
Contract type
FINANCIAL_SERVICES
Contract term
Existing loan maturing August 1, 2026; potential extension up to 90 days
Renewal date
2026-08-01
Renewal
Existing PNC Bank loan for Eagle Village and Parrot Village matures August 1, 2026 with authority granted to negotiate up to a 90-day extension if needed; overall strategy is to retire this debt using AHA reserves and/or a bridge loan.
Document type
AgendaPacket
Source document
Alameda Affordable Housing Corporation AgendaPacket 2026-06-17

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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 ALAMEDA HOUSING AUTHORITY?

Pnc Bank Na was awarded this financial services contract by city OF ALAMEDA HOUSING AUTHORITY, as recorded on June 17, 2026. The contract value is Balloon payment of an estimated $8.24 million by August 1, 2026.

How much is the Pnc Bank Na contract with city OF ALAMEDA HOUSING AUTHORITY worth?

The Pnc Bank Na contract with city OF ALAMEDA HOUSING AUTHORITY is valued at Balloon payment of an estimated $8.24 million by August 1, 2026, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Alameda Affordable Housing Corporation AgendaPacket 2026-06-17 (AgendaPacket), dated June 17, 2026 from city OF ALAMEDA HOUSING AUTHORITY. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank Na hold?

Pnc Bank Na 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 ALAMEDA HOUSING AUTHORITY currently buying?

Explore city OF ALAMEDA HOUSING AUTHORITY's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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