FINANCIAL_SERVICESAPPROVED

City of Stockton Awards $2,800,000 Financial Services Contract to Mutual Housing California (March 2026)

The Stockton City Council approved a $2,800,000, 55-year residual-receipts loan at 3% interest to Mutual Housing California to support the Fairview Terrace affordable housing development. The loan may be capitalized from multiple housing and community development funding sources and is secured by a Deed of Trust, Promissory Note, and Regulatory Agreement.

Status
APPROVED
Document date
March 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mutual Housing California
Agency
City of Stockton · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,800,000
Contract type
FINANCIAL_SERVICES
Contract term
55-year loan term
Renewal
Single 55-year residual-receipts loan term with interest at 3%; any unpaid principal and interest are due as a lump sum at the end of the 55-year term.
Document type
Resolution
Source document
Stockton City Council Resolution 2026-03-31-1601 2026-03-31

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Stockton?

Mutual Housing California was awarded this financial services contract by City of Stockton, as recorded on March 31, 2026. The contract value is $2,800,000.

How much is the Mutual Housing California contract with City of Stockton worth?

The Mutual Housing California contract with City of Stockton is valued at $2,800,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Stockton City Council Resolution 2026-03-31-1601 2026-03-31 (Resolution), dated March 31, 2026 from City of Stockton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mutual Housing California hold?

Mutual Housing California 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 Mutual Housing California's profile

What is City of Stockton currently buying?

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

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