City potentially to Purchase Property from Mercy Housing in 2028
City of PlacentiaCity · Placentia, CA- Disclosed value
- Up to $760,011
- From agenda
- Document date
- Sep 2, 2025
- Term
- 4 years
The 30-second brief
The City may purchase a property from Mercy Housing in 2028 for up to $760,011, contingent on the feasibility of an affordable housing development at 325 Baker Street. The purchase price includes the original acquisition cost, owner acquisition costs, and a portion of ongoing expenses.
Mercy Housing holds this housing development contract with City of Placentia. Its other public contracts on record include work for Yuba-Sutter Transit Authority and City of Glendora.
Term as filed: 4 years.
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Contract details
- Contract type
- Housing Development
- Amount
- Up to $760,011
- Document date
- September 2, 2025
- Term
- 4 years
- Vendor
- Mercy Housing
- Agency
- City of Placentia
- Source document
- placentia-city-council-agenda-report-september-2-2025_fa8.pdf (Agenda)
Mercy Housing's other public contracts
More City of Placentia contracts
Questions about this contract
Who was awarded the housing development contract by City of Placentia?
Mercy Housing was awarded this housing development contract by City of Placentia, as recorded on September 2, 2025. The contract value is Up to $760,011.
How much is the Mercy Housing contract with City of Placentia worth?
The Mercy Housing contract with City of Placentia is valued at Up to $760,011, covering housing development work.
What type of contract is this?
This is a Housing Development contract, documented as a agenda record.
Where was this contract approved?
This contract appears in placentia-city-council-agenda-report-september-2-2025_fa8.pdf (Agenda), dated September 2, 2025 from City of Placentia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mercy Housing hold?
Mercy Housing may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Placentia currently buying?
Explore City of Placentia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.