FINANCIAL_SERVICESRECOMMENDED

9% LIHTC reservation for Villa Garcia’s 1510 North First

CTCAC staff recommends reserving $1.7 million in annual 9% LIHTCs for the 1510 North First special needs project developed by Villa Garcia, Inc. The San Jose adaptive reuse will provide 57 deeply affordable units for residents at risk of homelessness under a 55‑year covenant.

Status
RECOMMENDED
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Villa Garcia Inc
Agency
California Tax Credit Allocation Committee · CA

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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
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
$1,696,412 annual federal LIHTCs
Contract type
FINANCIAL_SERVICES
Contract term
55-year affordability/use restriction period
Renewal date
2082-12-31
Renewal
Standard 55‑year LIHTC regulatory agreement; final award contingent on placed‑in‑service review and feasibility analysis.
Document type
AgendaPacket
Source document
California Tax Credit Allocation Committee AgendaPacket 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Tax Credit Allocation Committee?

Villa Garcia Inc was awarded this financial services contract by California Tax Credit Allocation Committee, as recorded on June 22, 2026. The contract value is $1,696,412 annual federal LIHTCs.

How much is the Villa Garcia Inc contract with California Tax Credit Allocation Committee worth?

The Villa Garcia Inc contract with California Tax Credit Allocation Committee is valued at $1,696,412 annual federal LIHTCs, 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 California Tax Credit Allocation Committee AgendaPacket 2026-06-22 (AgendaPacket), dated June 22, 2026 from California Tax Credit Allocation Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Villa Garcia Inc hold?

Villa Garcia Inc 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 Villa Garcia Inc's profile

What is California Tax Credit Allocation Committee currently buying?

Explore California Tax Credit Allocation Committee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Tax Credit Allocation Committee's profile

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