City of Newark Awards Financial Services Contract to Satellite Affordable Housing Associates Saha (June 2026)

Scope & details

The full contract record, as filed.

Contract amount

$12 million loan, including $4.3 million for pre-development costs

Contract type

FINANCIAL_SERVICES

Contract term

Projected opening in 2028 in line with the City's loan agreement timeline

Renewal

Loan aligns with project schedule targeting opening in 2028; no specific renewal or extension options described in the document.

Document type

AgendaPacket

Source document

City of Newark Community Development Advisory Committee AgendaPacket 2026-06-24

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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 Newark?

Satellite Affordable Housing Associates Saha was awarded this financial services contract by City of Newark, as recorded on June 23, 2026. The contract value is $12 million loan, including $4.3 million for pre-development costs.

How much is the Satellite Affordable Housing Associates Saha contract with City of Newark worth?

The Satellite Affordable Housing Associates Saha contract with City of Newark is valued at $12 million loan, including $4.3 million for pre-development costs, 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 City of Newark Community Development Advisory Committee AgendaPacket 2026-06-24 (AgendaPacket), dated June 23, 2026 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Satellite Affordable Housing Associates Saha hold?

Satellite Affordable Housing Associates Saha 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 Satellite Affordable Housing Associates Saha's profile

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Explore City of Newark's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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