City of Victoria Awards Professional Services Contract to Rbm Living Llc (August 2025)

The Victoria Housing Finance Corporation approved a Memorandum of Understanding with RBM Living, LLC to cooperatively develop the 300‑unit Odem Street Apartments as affordable housing in Victoria, Texas. The project will be financed with private activity bonds issued by VHFC and 4% Low Income Housing Tax Credits, with VHFC participating as issuer, ground lessor, and general partner affiliate in exchange for fees and a share of development proceeds.

Scope & details

The full contract record, as filed.

Contract type

PROFESSIONAL_SERVICES

Contract term

Effective as of August 29, 2025; continues until project financing closes or MOU is terminated under specified conditions (no later than December 31, 2026 unless extended by performance of conditions)

Renewal date

2026-12-31

Renewal

MOU remains in effect until replaced by definitive project agreements at financing closing or terminated due to failure to obtain tax credits or bond financing by June 30, 2026, failure to close loan and equity by December 31, 2026, board disapproval, breach, insolvency, or mutual consent. No automatic renewal; termination ends obligations except Developer reimbursement of VHFC costs as specified.

Document type

Agenda

Source document

victoria_housing_finance_corporation_meeting_agend.pdf

Related contracts

Other contracts from Rbm Living Llc.

View all →

Victoria Public Facility Corporation AgendaPacket Meeting 2026-08-28

APPROVED

City of Victoria, TexasAug 28, 2026

Victoria Housing Finance Corporation Meeting Agenda January 2026

APPROVED

City of Victoria, TexasJan 23, 2026

victoria_housing_finance_corporation_board_meeting.pdf

PENDING

Victoria MPO, TexasAug 29, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Victoria?

Rbm Living Llc was awarded this professional services contract by City of Victoria, as recorded on August 29, 2025.

What type of contract is this?

This is a Professional Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in victoria_housing_finance_corporation_meeting_agend.pdf (Agenda), dated August 29, 2025 from City of Victoria. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rbm Living Llc hold?

Rbm Living Llc 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 Rbm Living Llc's profile

What is City of Victoria currently buying?

Explore City of Victoria's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Victoria's profile