FINANCIAL_SERVICESONGOING

Carlsbad Maintains Marja Acres Housing Loan

Carlsbad provided a $715,000 Housing Trust Fund loan for Marja Acres Senior Apartments involving USA Properties Fund. The financing deepens affordability for five extremely low-income units, and the loan remained outstanding as of June 30, 2025.

Document date · December 9, 2025

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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 amount
$715,000
Contract type
FINANCIAL_SERVICES
Contract term
Long-term Housing Trust Fund loan; generally 55 years from October 26, 2023
Renewal date
2078-10-26
Renewal
Housing Trust Fund rental-project loans are generally 55 years and repayments are typically based on residual receipts.
Document type
StaffReport
Source document
City of Carlsbad StaffReport Fiscal Year 2024-25 Housing Trust Fund Annual Report 2025-12-09

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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?

Usa Properties Fund was awarded this financial services contract by City of Carlsbad, as recorded on December 9, 2025. The contract value is $715,000.

How much is the Usa Properties Fund contract with City of Carlsbad worth?

The Usa Properties Fund contract with City of Carlsbad is valued at $715,000, 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 2024-25 Housing Trust Fund Annual Report 2025-12-09 (StaffReport), dated December 9, 2025 from City of Carlsbad. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Usa Properties Fund hold?

Usa Properties Fund 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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