Civic IQ
FACILITIESAPPROVED

City of Carlsbad Awards Facilities Contract to Kingdom Development (May 2026)

Carlsbad approved an interim property-management agreement with Kingdom Development for Chestnut Apartments. Kingdom began managing the affordable housing property in July 2025 while arranging financing and subsidies for its acquisition and rehabilitation.

Document date · May 14, 2026

Issuing agencyCity of CarlsbadVendorKingdom Development

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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
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Scope & details

The full contract record, as filed.

Contract type
FACILITIES
Contract term
Interim management period beginning July 2025 and continuing until ownership transfer
Renewal
The agreement covers an interim period pending Kingdom Development's acquisition of the property; no renewal options or fixed end date were stated.
Document type
StaffReport
Source document
City of Carlsbad Staff Report Request from Kingdom Development for a Housing Trust Fund Loan for Chestnut Apartments 2026-05-14

Related contracts

Other contracts from Kingdom Development.

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City of Carlsbad StaffReport Fiscal Year 2025-26 Housing Trust Fund Annual Report 2026-10-08
APPROVED
City of Carlsbad, California$850,000Oct 8, 2026
City of Carlsbad StaffReport Fiscal Year 2025-26 Housing Trust Fund Annual Report 2026-10-08
ONGOING
City of Carlsbad, California$8,360,000Oct 8, 2026
City of Carlsbad Resolution 2026-006 Housing Trust Fund Annual Report Oct 8, 2026
APPROVED
City of Carlsbad, California$850,000 new loan commitment; $8,360,000 issued and outstanding loan shown in Exhibit 1Oct 8, 2026
City of Carlsbad AgendaPacket Fiscal Year 2025-26 Housing Trust Fund Annual Report 2026-10-08
ONGOING
Carlsbad Housing & Homeless Services, California$8,360,000 issued; $8,360,000 outstandingOct 3, 2026
City of Carlsbad AgendaPacket Fiscal Year 2025-26 Housing Trust Fund Annual Report 2026-10-08
APPROVED
Carlsbad Housing & Homeless Services, California$850,000Oct 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Carlsbad?

Kingdom Development was awarded this facilities contract by City of Carlsbad, as recorded on May 14, 2026.

What type of contract is this?

This is a Facilities contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Carlsbad Staff Report Request from Kingdom Development for a Housing Trust Fund Loan for Chestnut Apartments 2026-05-14 (StaffReport), dated May 14, 2026 from City of Carlsbad. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kingdom Development hold?

Kingdom Development 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 Kingdom Development'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.

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