Carlsbad Removes Chelsea Investment Housing Loan Commitment

Carlsbad removed a previously approved $1.5 million Housing Trust Fund loan commitment to Chelsea Investment Corporation after the West Oaks Apartments project was sold to Greystar. The loan had supported deeper affordability for extremely low- and very low-income households.

Document date · October 8, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1,500,000

Contract type

FINANCIAL_SERVICES

Renewal

Commitment canceled and removed from the books during FY 2025-26.

Document type

StaffReport

Source document

City of Carlsbad StaffReport Fiscal Year 2025-26 Housing Trust Fund Annual Report 2026-10-08

Frequently asked questions

Common questions about this contract, answered from the record.

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

Chelsea Investment Corporation was awarded this financial services contract by City of Carlsbad, as recorded on October 8, 2026. The contract value is $1,500,000.

How much is the Chelsea Investment Corporation contract with City of Carlsbad worth?

The Chelsea Investment Corporation contract with City of Carlsbad is valued at $1,500,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Carlsbad StaffReport Fiscal Year 2025-26 Housing Trust Fund Annual Report 2026-10-08 (StaffReport), dated October 8, 2026 from City of Carlsbad. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chelsea Investment Corporation hold?

Chelsea Investment Corporation 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 Chelsea Investment Corporation's profile

What is City of Carlsbad currently buying?

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

View City of Carlsbad's profile