CRDC Co-Applicants for Major AHSC Award

CRDC joins the City of Shasta Lake as a co-applicant for significant AHSC financing to build and operate the Shasta Lake Downtown Revitalization Project. The anticipated agreements will fund affordable housing and extensive public realm and mobility improvements under long-term affordability covenants.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Not to exceed $7,000,000 AHSC loan; additional grants up to $23,000,000; 55-year loan and grant terms

Renewal

AHSC Standard Agreements for loan and grant components will extend for at least 55 years with affordability and program compliance requirements; amendments may be executed by the City Manager as needed.

Document type

Agenda

Source document

city_council_meeting_agenda_may_18_2021.pdf

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City of Santa Rosa Housing Authority Regular Meeting Agenda and Summary Report 2026-08-24

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city_council_meeting_agenda_may_18_2021.pdf

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City of Shasta Lake, CaliforniaMay 18, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Shasta Lake?

Community Revitalization and Development Corporation was awarded this financial services contract by City of Shasta Lake, as recorded on May 18, 2021.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_council_meeting_agenda_may_18_2021.pdf (Agenda), dated May 18, 2021 from City of Shasta Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community Revitalization and Development Corporation hold?

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