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OTHERRECOMMENDED

Paramount Proposes Housing Loan Amendment With Gold Key Development

Paramount City Council is asked to approve a first amendment with Gold Key Development, Inc. for the City's $2.075 million acquisition and development loan supporting a 17-unit residential project. The amendment would allow limited release of market-rate units before the affordable units are sold while preserving 45-year affordability covenants.

Document date · September 22, 2026

Issuing agencyCity of ParamountVendorGold Key Development Inc

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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
$2,075,000
Contract type
OTHER
Contract term
Executed August 12, 2025; 45-year affordability covenants for three affordable units
Renewal date
2026-09-22
Renewal
First amendment to the August 12, 2025 original agreement; all other original and regulatory agreement terms remain in force.
Document type
Agenda
Source document
City of Paramount Agenda 2026-09-22

Related contracts

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City of Paramount City Council Agenda September 22, 2026
RECOMMENDED
City of Paramount, CaliforniaSep 22, 2026
City of Paramount Agenda 2026-09-22
APPROVED
City of Paramount, California$2,075,000Sep 22, 2026
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City of Paramount, CaliforniaSep 9, 2025
City of Paramount Planning Commission Agenda 2025-09-03
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City of Paramount Agenda August 12, 2025
APPROVED
City of Paramount, California$2,075,000 (project budget; additional $75,000 general funds to be allocated)Aug 12, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Paramount?

Gold Key Development Inc was awarded this government contract by City of Paramount, as recorded on September 22, 2026. The contract value is $2,075,000.

How much is the Gold Key Development Inc contract with City of Paramount worth?

The Gold Key Development Inc contract with City of Paramount is valued at $2,075,000.

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 Paramount Agenda 2026-09-22 (Agenda), dated September 22, 2026 from City of Paramount. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gold Key Development Inc hold?

Gold Key Development Inc 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 Gold Key Development Inc's profile

What is City of Paramount currently buying?

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

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