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City of Newark Awards Lease Contract to Satellite Affordable Housing (March 2025)

City of Newark logoCity of Newark
Disclosed value
$1/year
From minutes
Approved
Mar 25, 2025
Term
99 years

The 30-second brief

What it covers

City of Newark to lease land to SAHA for 99 years at $1/year to construct a 59-unit affordable housing development. City Council authorized the acquisition of the project site and leaseback to SAHA in February 2025.

Who holds it

Satellite Affordable Housing holds this lease contract with City of Newark. Its other public contracts on record include work for City of Berkeley and Oakland Housing Authority.

What happens next

Term as filed: 99 years.

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Contract details

Contract type
Lease
Amount
$1/year
Document date
March 25, 2025
Term
99 years
Vendor
Satellite Affordable Housing
Agency
City of Newark
Source document
city-of-newark-planning-commission-meeting-minutes-march-25-2025_c7f.pdf (Minutes)

Satellite Affordable Housing's other public contracts

City of Berkeley, CaliforniaSatellite Affordable Housing Associates lease contract amended for $2.7M · Oct 14, 2025$2.7MCity of Berkeley, CaliforniaSatellite Affordable Housing Associates multi-year funding contract · Jun 24, 2025UndisclosedOakland Housing Authority, Nebraska$10M Approved for Senior Housing Development · Apr 28, 2025$10MTown of Lafayette, PennsylvaniaLafayette directs negotiation with housing developers · Feb 24, 2025UndisclosedTown of Lafayette, PennsylvaniaNegotiations for housing property at Moraga Road · Feb 24, 2025UndisclosedAll Satellite Affordable Housing contractsVendor profile

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Questions about this contract

Who was awarded the lease contract by City of Newark?

Satellite Affordable Housing was awarded this lease contract by City of Newark, as recorded on March 25, 2025. The contract value is $1/year.

How much is the Satellite Affordable Housing contract with City of Newark worth?

The Satellite Affordable Housing contract with City of Newark is valued at $1/year, covering lease work.

What type of contract is this?

This is a Lease contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-newark-planning-commission-meeting-minutes-march-25-2025_c7f.pdf (Minutes), dated March 25, 2025 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Satellite Affordable Housing hold?

Satellite Affordable Housing 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 City of Newark currently buying?

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

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