City Commits $3M to Wakeland Senior Housing Project
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Description
Palm Springs intends to commit $3 million in funding to Wakeland Housing and Development Corporation to permanently finance a 72-unit fully affordable senior housing project at 1555 East Alejo Road. The City Manager will execute a funding commitment letter and necessary documents to implement the assistance.
Contract Details
Contract Amount
$3,000,000
Vendor
WAKELAND HOUSING & DEVELOPMENT CORPORATION
Agency
City of De Queen, AR
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2026
Renewal Info
One-time funding commitment for project permanent financing; no renewal terms indicated.
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