FINANCIAL_SERVICESAPPROVED

City of Carlsbad Awards Financial Services Contract to Kingdom Development (October 2026)

Carlsbad approved an $850,000 Housing Trust Fund loan to Kingdom Development for Chestnut Apartments rehabilitation and affordability improvements. The annual report also lists a separate $8.36 million outstanding Kingdom Development loan issued June 30, 2026.

Document date · October 8, 2026

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$850,000 new loan commitment; $8,360,000 issued and outstanding loan shown in Exhibit 1
Contract type
FINANCIAL_SERVICES
Contract term
New commitment approved during FY 2025-26; existing loan issued June 30, 2026
Renewal date
2081-06-30
Renewal
Housing Trust Fund loans are typically long-term loans of 55 years at interest rates generally not exceeding 3%; the specific new-loan maturity was not stated.
Document type
Resolution
Source document
City of Carlsbad Resolution 2026-006 Housing Trust Fund Annual Report Oct 8, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Kingdom Development was awarded this financial services contract by City of Carlsbad, as recorded on October 8, 2026. The contract value is $850,000 new loan commitment; $8,360,000 issued and outstanding loan shown in Exhibit 1.

How much is the Kingdom Development contract with City of Carlsbad worth?

The Kingdom Development contract with City of Carlsbad is valued at $850,000 new loan commitment; $8,360,000 issued and outstanding loan shown in Exhibit 1, 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 City of Carlsbad Resolution 2026-006 Housing Trust Fund Annual Report Oct 8, 2026 (Resolution), dated October 8, 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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