FINANCIAL_SERVICESPENDING

Red Stone to Fund Operating Deficit Reserve

Red Stone will establish an estimated $1.36 million operating deficit reserve for Serenity Gardens in conjunction with its fourth equity payment. The reserve is designed to cover more than seven months of debt service and operating shortfalls.

Status
PENDING
Document date
May 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Red Stone
Agency
Miami Dade Public Housing And Community Dev · FL

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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
Approximately $1,359,948 Operating Deficit Reserve funding
Contract type
FINANCIAL_SERVICES
Contract term
Reserve sized to cover about 7.2 months of debt service; funded after construction completion with the fourth capital contribution
Renewal
Reserve amount escalates only through funding assumptions; no explicit renewal but may be adjusted at closing based on final underwriting.
Document type
Report
Source document
Housing Finance Authority of Miami-Dade County Credit Underwriting Report Serenity Gardens 2026-05-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Miami Dade Public Housing And Community Dev?

Red Stone was awarded this financial services contract by Miami Dade Public Housing And Community Dev, as recorded on May 11, 2026. The contract value is Approximately $1,359,948 Operating Deficit Reserve funding.

How much is the Red Stone contract with Miami Dade Public Housing And Community Dev worth?

The Red Stone contract with Miami Dade Public Housing And Community Dev is valued at Approximately $1,359,948 Operating Deficit Reserve funding, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Housing Finance Authority of Miami-Dade County Credit Underwriting Report Serenity Gardens 2026-05-11 (Report), dated May 11, 2026 from Miami Dade Public Housing And Community Dev. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Red Stone hold?

Red Stone 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 Miami Dade Public Housing And Community Dev currently buying?

Explore Miami Dade Public Housing And Community Dev's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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