City of Santa Cruz Awards Financial Services Contract to Calypso Affordable Lp (March 2026)

Santa Cruz City Council approved TEFRA Resolution NS-30,640 authorizing the California Municipal Finance Authority to issue up to $42 million in tax-exempt multifamily housing revenue bonds for Calypso Affordable LP. The conduit financing will support development of a new affordable rental housing project.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $42,000,000 (tax-exempt bonds)

Contract type

FINANCIAL_SERVICES

Renewal

Conduit bond approval under TEFRA; bond term and maturity will be set in financing documents not detailed in the minutes.

Document type

Minutes

Source document

City of Santa Cruz Council Meeting Minutes March 2026

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City of Santa Cruz Agenda 2026-08-11

APPROVED

City of Santa Cruz, CaliforniaNot to exceed $75,000,000Aug 8, 2026

City of Santa Cruz City Council Meeting Agenda March 24, 2026

APPROVED

City of Santa Cruz, CaliforniaNot to exceed $42,000,000 (tax-exempt bonds)Mar 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Santa Cruz?

Calypso Affordable Lp was awarded this financial services contract by City of Santa Cruz, as recorded on March 24, 2026. The contract value is Not to exceed $42,000,000 (tax-exempt bonds).

How much is the Calypso Affordable Lp contract with City of Santa Cruz worth?

The Calypso Affordable Lp contract with City of Santa Cruz is valued at Not to exceed $42,000,000 (tax-exempt bonds), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Santa Cruz Council Meeting Minutes March 2026 (Minutes), dated March 24, 2026 from City of Santa Cruz. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Calypso Affordable Lp hold?

Calypso Affordable Lp 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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