FINANCIAL_SERVICESPENDING

Refinance Strategy for Eagle and Parrot Village Loan

The Board will consider authorizing the Executive Director to implement a refinance strategy for Eagle Village and Parrot Village involving the existing loan with PNC Bank, N.A., including paying off an estimated $8.24 million balloon payment by August 1, 2026 or arranging a short-term extension or bridge financing. The authorization also includes flexibility to structure the transaction, including possible LLC formation.

Status
PENDING
Document date
May 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Bank N.a.
Agency
city OF ALAMEDA HOUSING AUTHORITY · CA

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Estimated balloon payment of $8.24 million; potential 90-day loan extension or short-term bridge loan (amount TBD)
Contract type
FINANCIAL_SERVICES
Contract term
Existing PNC loan currently maturing August 1, 2026; possible extension up to 90 days
Renewal date
2026-08-01
Renewal
Board may authorize extension of the existing PNC loan for up to 90 days or replacement with short-term bridge financing as part of a broader refinance strategy.
Document type
AgendaPacket
Source document
Housing Authority of the City of Alameda AgendaPacket Regular Meeting of the Board of Commissioners 2026-05-20

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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 N.a. was awarded this financial services contract by city OF ALAMEDA HOUSING AUTHORITY, as recorded on May 20, 2026. The contract value is Estimated balloon payment of $8.24 million; potential 90-day loan extension or short-term bridge loan (amount TBD).

How much is the Pnc Bank N.a. contract with city OF ALAMEDA HOUSING AUTHORITY worth?

The Pnc Bank N.a. contract with city OF ALAMEDA HOUSING AUTHORITY is valued at Estimated balloon payment of $8.24 million; potential 90-day loan extension or short-term bridge loan (amount TBD), 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 Housing Authority of the City of Alameda AgendaPacket Regular Meeting of the Board of Commissioners 2026-05-20 (AgendaPacket), dated May 20, 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 N.a. hold?

Pnc Bank N.a. 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?

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