City of Palm Springs City Council Regular Meeting Agenda January 14 2026
City Approves $3.8M Loan for Affordable Housing
Trusted by teams at
Description
The City of Palm Springs plans to commit a $3.8 million loan to Red Tail Multifamily Land Development to support an 82-unit affordable rental housing development at 305 West San Rafael Drive. The action authorizes execution of related financing documents and application of fee reductions under the City's affordable housing incentive program.
Contract Details
Contract Amount
$3,800,000
Vendor
RED TAIL MULTIFAMILY LAND DEVELOPMENT
Agency
City of De Queen, AR
Contract Type
FINANCIAL_SERVICES
Document Date
January 14, 2026
Renewal Info
Affordable and Multi-Family Housing Incentive Program provides 100% reduction of applicable Development Impact and Developer Fees for qualifying 100% affordable projects.
More from RED TAIL MULTIFAMILY LAND DEVELOPMENT
Related Contracts
City of Palm Springs City Council Regular Meeting Agenda January 2026
APPROVEDhousing-authority-of-whitneyresolution2025-04-11_045.pdf
approvedbenson-county-housing-authorityresolution2025-04-11_7fd.pdf
pendinghousing-authority-of-the-county-of-santa-barbararesolution2025-04-11_97d.pdf
approvedhousing-authority-of-santa-barbara-resolution-approving-grant-program-participation_b28.pdf
pendingMore from City of De Queen
City of Palm Springs Council Meeting Agenda April 2026
City of Palm Springs Council Meeting Agenda April 2026
City of Palm Springs Council Meeting Agenda April 2026
City of Palm Springs Council Meeting Agenda April 2026
City of Palm Springs Council Meeting Agenda April 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.