City of Winter Haven Awards $350,000 Financial Services Contract to Heart for Winter Haven Inc (January 2026)

The City of Winter Haven will provide HEART FOR WINTER HAVEN, INC. a $350,000 forgivable grant to acquire property and construct 13 transitional affordable townhome units for families with children in Winter Haven schools. The grant is secured by a lien on the property and will be forgiven over seven years contingent on income and rent compliance.

Scope & details

The full contract record, as filed.

Contract amount

$350,000.00

Contract type

FINANCIAL_SERVICES

Contract term

Seven (7) years from date of initial occupancy of units on the Property

Renewal

City Lien is forgivable at 15% per year for the first six years from initial occupancy, with the remaining 10% forgiven upon completion of seven years of compliance with affordability and income restrictions for all 13 units. If H4WH defaults and fails to cure, the lien amount minus any forgiven portion becomes immediately due and payable and the lien will not be released until paid.

Document type

Agreement

Source document

City of Winter Haven Transitional Affordable Housing Agreement 2026-01-01

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Winter Haven?

Heart for Winter Haven Inc was awarded this financial services contract by City of Winter Haven, as recorded on January 1, 2026. The contract value is $350,000.00.

How much is the Heart for Winter Haven Inc contract with City of Winter Haven worth?

The Heart for Winter Haven Inc contract with City of Winter Haven is valued at $350,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Winter Haven Transitional Affordable Housing Agreement 2026-01-01 (Agreement), dated January 1, 2026 from City of Winter Haven. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Heart for Winter Haven Inc hold?

Heart for Winter Haven 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 Heart for Winter Haven Inc's profile

What is City of Winter Haven currently buying?

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