OTHERAMENDED

Affordable Housing Loan Extension for Wakeland Housing Project

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.

Status
AMENDED
Document date
March 15, 2026
Contract type
OTHER
Vendor
Wakeland Housing & Development Corporation
Agency
City of Chula Vista · CA

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Scope & details

The full contract record, as filed.

Contract amount
$4,000,000 ($3,300,000 HOME funds + $700,000 Low-Mod Fund)
Contract type
OTHER
Contract term
Extended deadline for assembling financing and construction readiness to March 17, 2028 (originally June 11, 2026)
Renewal date
2028-03-17
Renewal
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.
Document type
StaffReport
Source document
City of Chula Vista Staff Report Housing Funds March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Chula Vista?

Wakeland Housing & Development Corporation was awarded this government contract by City of Chula Vista, as recorded on March 15, 2026. The contract value is $4,000,000 ($3,300,000 HOME funds + $700,000 Low-Mod Fund).

How much is the Wakeland Housing & Development Corporation contract with City of Chula Vista worth?

The Wakeland Housing & Development Corporation contract with City of Chula Vista is valued at $4,000,000 ($3,300,000 HOME funds + $700,000 Low-Mod Fund).

What type of contract is this?

This is a government contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Chula Vista Staff Report Housing Funds March 2026 (StaffReport), dated March 15, 2026 from City of Chula Vista. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wakeland Housing & Development Corporation hold?

Wakeland Housing & Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Chula Vista currently buying?

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