City of Newark Awards Financial Services Contract to Satellite Affordable Housing Associates Saha (June 2026)
City of NewarkCity · Newark, CA- Disclosed value
- $12 million loan, including $4.3 million for pre-development costs
- From agendapacket
- Approved
- Jun 23, 2026
The 30-second brief
The City of Newark approved a $12 million Affordable Housing Impact Fee Fund loan to Satellite Affordable Housing Associates for a 59-unit affordable housing project on Thornton Avenue, including $4.3 million for pre-development costs. The City subsequently acquired and leased back the site to strengthen SAHA's applications for state housing funds, with project completion targeted for 2028.
Satellite Affordable Housing Associates Saha holds this financial services contract with City of Newark. Its other public contracts on record include work for Berkeley Housing Authority and Town of Walnut Creek.
Term as filed: Projected opening in 2028 in line with the City's loan agreement timeline.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $12 million loan, including $4.3 million for pre-development costs
- Document date
- June 23, 2026
- Term
- Projected opening in 2028 in line with the City's loan agreement timeline
- Agency
- City of Newark
- Source document
- City of Newark Community Development Advisory Committee AgendaPacket 2026-06-24 (AgendaPacket)
Satellite Affordable Housing Associates Saha's other public contracts
More City of Newark contracts
Questions about this contract
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 June 23, 2026. The contract value is $12 million loan, 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 loan, 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 agendapacket record.
Where was this contract approved?
This contract appears in City of Newark Community Development Advisory Committee AgendaPacket 2026-06-24 (AgendaPacket), dated June 23, 2026 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
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.
What is City of Newark currently buying?
Explore City of Newark's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.