City of Palm Springs Awards $3,800,000 Financial Services Contract to Red Tail Multifamily Land Development (January 2026)

Palm Springs approved a $3.8 million funding commitment to Red Tail Multifamily Land Development for construction of an 82-unit affordable rental housing project. The City Manager may execute the related loan documents and agreements, subject to City Attorney approval.

Document date · January 14, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$3,800,000

Contract type

FINANCIAL_SERVICES

Renewal

Loan documents and related agreements remain subject to City Attorney approval; a future TEFRA hearing is planned for potential private-activity bonds.

Document type

Minutes

Source document

City of Palm Springs Minutes Regular Meeting of the City Council 2026-01-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Palm Springs?

Red Tail Multifamily Land Development was awarded this financial services contract by City of Palm Springs, as recorded on January 14, 2026. The contract value is $3,800,000.

How much is the Red Tail Multifamily Land Development contract with City of Palm Springs worth?

The Red Tail Multifamily Land Development contract with City of Palm Springs is valued at $3,800,000, 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 Palm Springs Minutes Regular Meeting of the City Council 2026-01-14 (Minutes), dated January 14, 2026 from City of Palm Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Red Tail Multifamily Land Development hold?

Red Tail Multifamily Land 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 Red Tail Multifamily Land Development's profile

What is City of Palm Springs currently buying?

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

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