Palm Springs International Airport Awards $3,800,000 Financial Services Contract to Red Tail Multifamily Land Development (January 2026)

Council approved a $3,800,000 funding and loan commitment to Red Tail Multifamily Land Development for an 82-unit affordable rental housing project at 305 West San Rafael Drive. The action includes fee reductions under the City's Affordable and Multi-Family Housing Incentive Program and direction to pursue future private-activity bond financing.

Scope & details

The full contract record, as filed.

Contract amount

$3,800,000

Contract type

FINANCIAL_SERVICES

Renewal

Loan documents and regulatory agreements to be executed later; term and repayment schedule not specified in the minutes.

Document type

Agenda

Source document

City of Palm Springs Regular Meeting Agenda 2026-01-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Palm Springs International Airport?

Red Tail Multifamily Land Development was awarded this financial services contract by Palm Springs International Airport, as recorded on January 28, 2026. The contract value is $3,800,000.

How much is the Red Tail Multifamily Land Development contract with Palm Springs International Airport worth?

The Red Tail Multifamily Land Development contract with Palm Springs International Airport is valued at $3,800,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Palm Springs Regular Meeting Agenda 2026-01-28 (Agenda), dated January 28, 2026 from Palm Springs International Airport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Red Tail Multifamily Land Development hold?

Red Tail Multifamily Land Development 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 Red Tail Multifamily Land Development's profile

What is Palm Springs International Airport currently buying?

Explore Palm Springs International Airport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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