FINANCIAL_SERVICESONGOING

State Housing Loans Secured via Subordination Agreement

The California Department of Housing and Community Development established senior lien priority for its $29.95 million ACC loan and $10 million AHSC loan on the Renaissance at Baker project through a subordination agreement with Kern High School District and Renaissance at Baker LP. The agreement confirms the state’s liens as senior to the District’s lease and outlines notice and cure procedures for defaults.

Status
ONGOING
Document date
January 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Department of Housing and Community Development
Agency
Kern High · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$29,948,380.00 ACC Loan; $10,000,000.00 AHSC Loan
Contract type
FINANCIAL_SERVICES
Renewal
Loan documents remain senior for the full term of the ACC and AHSC loans, as secured by the AHSC-ACC Regulatory Agreement and Deed of Trust; subordination persists until repayment or release of the senior liens.
Document type
Agreement
Source document
Department of Housing and Community Development Subordination Agreement 2026-01-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kern High?

Department of Housing and Community Development was awarded this financial services contract by Kern High, as recorded on January 1, 2026. The contract value is $29,948,380.00 ACC Loan; $10,000,000.00 AHSC Loan.

How much is the Department of Housing and Community Development contract with Kern High worth?

The Department of Housing and Community Development contract with Kern High is valued at $29,948,380.00 ACC Loan; $10,000,000.00 AHSC Loan, 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 Department of Housing and Community Development Subordination Agreement 2026-01-01 (Agreement), dated January 1, 2026 from Kern High. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Department of Housing and Community Development hold?

Department of Housing and Community Development 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 Department of Housing and Community Development's profile

What is Kern High currently buying?

Explore Kern High's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Kern High's profile

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