FINANCIAL_SERVICESAPPROVED

City of Newark Awards Financial Services Contract to Satellite Affordable Housing Associates Saha (May 2025)

The City of Newark previously approved a $12 million Affordable Housing Impact Fee Fund loan to Satellite Affordable Housing Associates for the 59-unit SAHA affordable housing project on Thornton Avenue, including $4.3 million for pre-development costs. The City has since acquired the site and leased it back to SAHA to strengthen applications for state housing funds.

Status
APPROVED
Document date
May 14, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Satellite Affordable Housing Associates Saha
Agency
City of Newark · CA

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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
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
$12 million (including $4.3 million for pre-development costs)
Contract type
FINANCIAL_SERVICES
Document type
Minutes
Source document
City of Newark Community Development Advisory Committee Minutes 2025-05-14

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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 Newark?

Satellite Affordable Housing Associates Saha was awarded this financial services contract by City of Newark, as recorded on May 14, 2025. The contract value is $12 million (including $4.3 million for pre-development costs).

How much is the Satellite Affordable Housing Associates Saha contract with City of Newark worth?

The Satellite Affordable Housing Associates Saha contract with City of Newark is valued at $12 million (including $4.3 million for pre-development costs), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Newark Community Development Advisory Committee Minutes 2025-05-14 (Minutes), dated May 14, 2025 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Satellite Affordable Housing Associates Saha hold?

Satellite Affordable Housing Associates Saha 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 Satellite Affordable Housing Associates Saha's profile

What is City of Newark currently buying?

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

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