FINANCIAL_SERVICESRECOMMENDED

PNC Real Estate to invest in Village Park LIHTCs

PNC Real Estate is identified as the investor/consultant providing roughly $4.37 million in LIHTC equity for the Village Park Senior Apartments resyndication in Bakersfield. The equity will close the financing gap for the 60‑unit senior rehabilitation recommended by CTCAC.

Status
RECOMMENDED
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Real Estate
Agency
California Tax Credit Allocation Committee · CA

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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
$4,369,748 tax credit equity at permanent financing
Contract type
FINANCIAL_SERVICES
Contract term
LIHTC compliance period for Village Park Senior Apartments
Renewal
Equity investment obligations extend through the LIHTC compliance period; no renewal or extension clauses are described.
Document type
AgendaPacket
Source document
California Tax Credit Allocation Committee AgendaPacket 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Tax Credit Allocation Committee?

Pnc Real Estate was awarded this financial services contract by California Tax Credit Allocation Committee, as recorded on June 22, 2026. The contract value is $4,369,748 tax credit equity at permanent financing.

How much is the Pnc Real Estate contract with California Tax Credit Allocation Committee worth?

The Pnc Real Estate contract with California Tax Credit Allocation Committee is valued at $4,369,748 tax credit equity at permanent financing, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in California Tax Credit Allocation Committee AgendaPacket 2026-06-22 (AgendaPacket), dated June 22, 2026 from California Tax Credit Allocation Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Real Estate hold?

Pnc Real Estate 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 Tax Credit Allocation Committee currently buying?

Explore California Tax Credit Allocation Committee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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