Monterey Approves Amended $1.5 Million Housing Loan

Monterey approved an amended $1.5 million housing loan to MP Madison Street Associates. The funds will support construction of affordable housing at properties on Van Buren, Madison, and Dutra streets, with the PLHA loan assigned to the developer.

Document date · October 4, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1.5 million loan

Contract type

FINANCIAL_SERVICES

Renewal

Resolution No. 26-129 C.S. was approved as amended; no repayment or maturity date was stated.

Document type

AgendaPacket

Source document

City of Monterey AgendaPacket Council Regular Meeting 2026-10-06

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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 Monterey?

Mp Madison Street Associates Lp was awarded this financial services contract by City of Monterey, as recorded on October 4, 2026. The contract value is $1.5 million loan.

How much is the Mp Madison Street Associates Lp contract with City of Monterey worth?

The Mp Madison Street Associates Lp contract with City of Monterey is valued at $1.5 million loan, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Monterey AgendaPacket Council Regular Meeting 2026-10-06 (AgendaPacket), dated October 4, 2026 from City of Monterey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mp Madison Street Associates Lp hold?

Mp Madison Street Associates Lp 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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