Monterey Considers $1.5 Million Affordable Housing Loan

The City of Monterey is considering authorization of a $1.5 million loan to MP Madison Street Associates, L.P. to construct an affordable housing project at multiple properties on Van Buren, Madison and Dutra streets. The agenda also proposes assigning the Permanent Local Housing Allocation loan to the developer.

Document date · September 15, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1,500,000

Contract type

OTHER

Document type

Agenda

Source document

City of Monterey Agenda Council Regular Meeting and Closed Session, and Ocean View Community Services District Meeting 2026-09-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Monterey?

Mp Madison Street Associates Lp was awarded this government contract by City of Monterey, as recorded on September 15, 2026. The contract value is $1,500,000.

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 $1,500,000.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Monterey Agenda Council Regular Meeting and Closed Session, and Ocean View Community Services District Meeting 2026-09-15 (Agenda), dated September 15, 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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