FINANCIAL_SERVICESRECOMMENDED

$9.5M Multifamily Gap Financing Recommended via OCD

The FY 2027 Housing Trust Fund plan proposes allocating approximately $9.52 million to OCD's Multifamily Gap Financing program, channeling rental supply expansion funds to six affordable multifamily developments. This investment is structured to leverage affordable housing bond commitments and preserve 372 units.

Status
RECOMMENDED
Document date
August 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Office of Community Development
Agency
City of New Orleans · LA

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$9,517,025
Contract type
FINANCIAL_SERVICES
Contract term
FY 2027 estimated program funding
Renewal date
2027-12-31
Renewal
Builds on existing award letters and bond-funded obligations, effectively extending financial support through FY 2027.
Document type
Report
Source document
New Orleans Housing Trust Fund Annual Report Fiscal Year 2027 2026-08-26

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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 New Orleans?

Office of Community Development was awarded this financial services contract by City of New Orleans, as recorded on August 26, 2026. The contract value is $9,517,025.

How much is the Office of Community Development contract with City of New Orleans worth?

The Office of Community Development contract with City of New Orleans is valued at $9,517,025, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in New Orleans Housing Trust Fund Annual Report Fiscal Year 2027 2026-08-26 (Report), dated August 26, 2026 from City of New Orleans. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Office of Community Development hold?

Office of Community 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 Office of Community Development's profile

What is City of New Orleans currently buying?

Explore City of New Orleans's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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