Housing Authority of the county of Santa Cruz Awards $4,800,000 Financial Services Contract to New Horizons Affordable Housing & Development Inc (December 2025)

The Board approved $4.8 million in MTW funds as a predevelopment loan to New Horizons for the 2021 Chanticleer Avenue affordable housing project. This increases the prior allocation and covers all predevelopment activities, secured via a promissory note and regulatory agreement.

Document date · December 10, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$4,800,000

Contract type

FINANCIAL_SERVICES

Renewal

Supersedes original $1,240,000 loan (Resolution 2025-02); this action amends/expands prior approval. Funds in excess of actual predevelopment costs will roll into construction expenses.

Document type

Minutes

Source document

housing_authority_of_santa_cruz_board_minutes_dece.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of the county of Santa Cruz?

New Horizons Affordable Housing & Development Inc was awarded this financial services contract by Housing Authority of the county of Santa Cruz, as recorded on December 10, 2025. The contract value is $4,800,000.

How much is the New Horizons Affordable Housing & Development Inc contract with Housing Authority of the county of Santa Cruz worth?

The New Horizons Affordable Housing & Development Inc contract with Housing Authority of the county of Santa Cruz is valued at $4,800,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in housing_authority_of_santa_cruz_board_minutes_dece.pdf (Minutes), dated December 10, 2025 from Housing Authority of the county of Santa Cruz. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Horizons Affordable Housing & Development Inc hold?

New Horizons Affordable Housing & 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 New Horizons Affordable Housing & Development Inc's profile

What is Housing Authority of the county of Santa Cruz currently buying?

Explore Housing Authority of the county of Santa Cruz's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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