CONTRACTAPPROVED

City of King Awards $126,186 Loan Contract to Chispa (Community Housing Improvement Systems and Planning Association, Inc.) (March 2025)

Disclosed value: $126,186.25; From agenda
Approved: Mar 25, 2025
Term: 55 year loan

What it covers

City approved a final Loan Agreement with CHISPA for the Permanent Local Housing Allocation Program (PLHA) financing for CHISPA's affordable housing project at 691 Brandywine Lane, 235 Ermosa Way, 147 Ermosa Way, 260 Legacy Drive, 164 Legacy Drive. The allocation is from $33,546.25 in 2019 and $92,641 in 2020.

Who holds it

Chispa (Community Housing Improvement Systems and Planning Association, Inc.) holds this loan contract with City of King. Its other public contracts on record include work for Monterey County.

What happens next

Term as filed: 55 year loan.

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Contract details

Contract type: Loan
Amount: $126,186.25
Document date: March 25, 2025
Term: 55 year loan
Vendor: Chispa (Community Housing Improvement Systems and Planning Association, Inc.)
Agency: City of King
Source document: city-of-king-council-agenda-golf-course-affordable-housing-projects-mar-25-2025_e87.pdf (Agenda)

Chispa (Community Housing Improvement Systems and Planning Association, Inc.)'s other public contracts

City of King, CaliforniaCHISPA Disaster Recovery Funding support approved · Oct 28, 2025$20M Monterey County, CaliforniaCHISPA designated Affordable Housing Developer · Sep 30, 2025Undisclosed Monterey County, CaliforniaAffordable Housing Project with $7.2M fund · Sep 30, 2025$7.3M City of King, CaliforniaCHISPA seeks approval for carports at apartments · Feb 18, 2025Undisclosed City of King, CaliforniaCHISPA requests design change for carports installation · Jan 21, 2025Undisclosed

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Questions about this contract

Who was awarded the loan contract by City of King?

Chispa (Community Housing Improvement Systems and Planning Association, Inc.) was awarded this loan contract by City of King, as recorded on March 25, 2025. The contract value is $126,186.25.

How much is the Chispa (Community Housing Improvement Systems and Planning Association, Inc.) contract with City of King worth?

The Chispa (Community Housing Improvement Systems and Planning Association, Inc.) contract with City of King is valued at $126,186.25, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-king-council-agenda-golf-course-affordable-housing-projects-mar-25-2025_e87.pdf (Agenda), dated March 25, 2025 from City of King. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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