California Housing Finance Agency | State of California Awards Financial Services Contract to Sky Castle I Lp (July 2026)

The California Housing Finance Agency Board approved a final loan commitment to Sky Castle I, LP for the Sky Castle multifamily development in Los Angeles. The financing includes a $43.74 million first lien bond loan with HUD risk sharing and a $4 million Mixed-Income Program residual receipts second lien loan, with staff authorized to adjust terms within defined limits.

Document date · July 23, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$43,739,159.00 1st Lien Bond Loan; $4,000,000.00 Mixed-Income Program Residual Receipts 2nd Lien Loan

Contract type

FINANCIAL_SERVICES

Renewal

Resolution authorizes a one-time permanent financing commitment; staff may modify terms within limits but major modifications require additional Board approval. No recurring renewal or extension structure is specified.

Document type

Resolution

Source document

California Housing Finance Agency Resolution Resolution Authorizing a Final Loan Commitment 2026-07-23

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California Housing Finance Agency AgendaPacket Public Meeting Agenda 2026-07-23

APPROVED

California Housing Finance Agency, California$42,617,941 1st lien bond loan; $4,000,000 Mixed-Income Program residual receipts 2nd lien loan (total $46,617,941)Jul 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Housing Finance Agency | State of California?

Sky Castle I Lp was awarded this financial services contract by California Housing Finance Agency | State of California, as recorded on July 23, 2026. The contract value is $43,739,159.00 1st Lien Bond Loan; $4,000,000.00 Mixed-Income Program Residual Receipts 2nd Lien Loan.

How much is the Sky Castle I Lp contract with California Housing Finance Agency | State of California worth?

The Sky Castle I Lp contract with California Housing Finance Agency | State of California is valued at $43,739,159.00 1st Lien Bond Loan; $4,000,000.00 Mixed-Income Program Residual Receipts 2nd Lien Loan, 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 California Housing Finance Agency Resolution Resolution Authorizing a Final Loan Commitment 2026-07-23 (Resolution), dated July 23, 2026 from California Housing Finance Agency | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sky Castle I Lp hold?

Sky Castle I Lp 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 California Housing Finance Agency | State of California currently buying?

Explore California Housing Finance Agency | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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