Boston Financial to invest equity in Stevens Creek Promenade
California Tax Credit Allocation CommitteeState Housing Authority · Sacramento, CA- Disclosed value
- Tax credit equity investment of $65,744,744 (permanent) and $6,718,029 (construction bridge)
- From agenda
- Document date
- Aug 23, 2023
The 30-second brief
Boston Financial is expected to invest roughly $66 million in tax credit equity in the Stevens Creek Promenade LIHTC project. The equity will leverage federal and state credits to fund new affordable family housing in San Jose.
Boston Financial holds this financial services contract with California Tax Credit Allocation Committee. Its other public contracts on record include work for Housing Authority of the county of Howard and Ohio Housing Finance Agency.
Term as filed: Through LIHTC compliance period (15 years) with extended use to 55 years.
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Contract details
- Contract type
- Financial Services
- Amount
- Tax credit equity investment of $65,744,744 (permanent) and $6,718,029 (construction bridge)
- Document date
- August 23, 2023
- Term
- Through LIHTC compliance period (15 years) with extended use to 55 years
- Vendor
- Boston Financial
- Source document
- CTCAC Committee Meeting Agenda August 23 2023 (Agenda)
Boston Financial's other public contracts
More California Tax Credit Allocation Committee contracts
Questions about this contract
Who was awarded the financial services contract by California Tax Credit Allocation Committee?
Boston Financial was awarded this financial services contract by California Tax Credit Allocation Committee, as recorded on August 23, 2023. The contract value is Tax credit equity investment of $65,744,744 (permanent) and $6,718,029 (construction bridge).
How much is the Boston Financial contract with California Tax Credit Allocation Committee worth?
The Boston Financial contract with California Tax Credit Allocation Committee is valued at Tax credit equity investment of $65,744,744 (permanent) and $6,718,029 (construction bridge), covering financial services work.
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 CTCAC Committee Meeting Agenda August 23 2023 (Agenda), dated August 23, 2023 from California Tax Credit Allocation Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Boston Financial hold?
Boston Financial 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 California Tax Credit Allocation Committee currently buying?
Explore California Tax Credit Allocation Committee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.