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$300K Incentive Proposed for Single-Family Development

City of Hobbs
Disclosed value
$300,000
From agenda
Document date
Feb 3, 2025

The 30-second brief

What it covers

Developer proposes to produce market rate single-family units and is requesting infrastructure incentives of $300,000. The proposed Development Agreement is based on the proposed new incentive policy. This project aims to provide housing solutions while offering reimbursement for public infrastructure enhancements.

Who holds it

Builders Build holds this development agreement contract with City of Hobbs.

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Contract details

Contract type
Development Agreement
Amount
$300,000
Document date
February 3, 2025
Term
NA
Vendor
Builders Build
Agency
City of Hobbs
Source document
city-of-hobbs-commission-meeting-agenda-february-3-2025_e52.pdf (Agenda)

Builders Build's other public contracts

City of Hobbs, New Mexicocity-of-hobbs-agenda-2025-02-03_f40.pdf · Feb 3, 2025UndisclosedCity of Hobbs, New MexicoBuilders Build, LLC gets $300K incentives for housing · Feb 3, 2025$300KCity of Hobbs, New MexicoHobbs approves Development Agreement with Builders Build LLC · Feb 3, 2025UndisclosedCity of Hobbs, New MexicoHobbs City partners Builders Build LLC on Housing Project · Feb 3, 2025$300KAll Builders Build contractsVendor profile

More City of Hobbs contracts

City of HobbsHobbs extends transportation project fund agreement with NMDOT · Dec 31, 2026UndisclosedConstructors IncHobbs Considers Resurfacing Project Change Order · Oct 4, 2026UndisclosedConstructors IncHobbs Awards $531,456 Navajo Bender Resurfacing Contract · Oct 4, 2026The Cedars Apartments LPHobbs Considers New Lessee for Cedars Apartments · Oct 4, 2026Eddy-lea Energy Alliance LLCHobbs Approves $25,000 Eddy-Lea Alliance Contribution · Oct 4, 2026$25KAll City of Hobbs activityAgency profile

Questions about this contract

Who was awarded the development agreement contract by City of Hobbs?

Builders Build was awarded this development agreement contract by City of Hobbs, as recorded on February 3, 2025. The contract value is $300,000.

How much is the Builders Build contract with City of Hobbs worth?

The Builders Build contract with City of Hobbs is valued at $300,000, covering development agreement work.

What type of contract is this?

This is a Development Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-hobbs-commission-meeting-agenda-february-3-2025_e52.pdf (Agenda), dated February 3, 2025 from City of Hobbs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Builders Build hold?

Builders Build 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 Hobbs currently buying?

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

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