City of Chula Vista Staff Report Housing Funds March 2026
Affordable Housing Loan Extension for Wakeland Housing Project
Trusted by teams at
Description
Chula Vista City Council and Housing Authority extended their $4 million loan commitments to Wakeland Housing and Development Corporation for the 96-unit project at 610 Paseo Del Rey. The new deadline for assembling all financing and preparing for construction is March 17, 2028.
Contract Details
Contract Amount
$4,000,000 ($3,300,000 HOME funds + $700,000 Low-Mod Fund)
Vendor
WAKELAND HOUSING & DEVELOPMENT CORPORATION
Agency
City of Chula Vista, CA
Contract Type
OTHER
Document Date
March 15, 2026
Contract Term
Extended deadline for assembling financing and construction readiness to March 17, 2028 (originally June 11, 2026)
Renewal Date
2028-03-17
Renewal Info
Loan commitment deadlines for both HOME and Low-Mod funds are extended by resolution from June 11, 2026, to March 17, 2028. $500,000 of HOME funds was previously disbursed as a pre-development loan in September 2024; remainder to be released upon financing closure.
More from WAKELAND HOUSING & DEVELOPMENT CORPORATION
Related Contracts
City of Chula Vista Staff Report Housing Funds March 2026
AMENDEDChula Vista Housing Element Progress Report 2025
AWARDEDChula Vista Housing Element Progress Report 2025
APPROVEDCity of Palm Springs Council Meeting Agenda March 2026
APPROVEDCity of Palm Springs Council Meeting Agenda March 2026
APPROVEDMore from City of Chula Vista
City of Chula Vista Council/Housing Authority Agenda April 2026
City of Chula Vista Council Meeting Agenda April 21 2026
City of Chula Vista Consultant Services Agreement with Fieldman, Rolapp & Associates, Inc. March 2026
Chula Vista Housing Element Progress Report 2025
City of Chula Vista Staff Report Housing Funds March 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.