CONTRACTAPPROVED

City of Grand Junction Awards $938,464 Funding Agreement Contract to Aspire Residential (September 2025)

City of Grand Junction
Disclosed value
$938,464
From resolution
Approved
Sep 17, 2025
Term
Phase 1: June 2026, Phase 2: April 2028

The 30-second brief

What it covers

The City of Grand Junction is providing a conditional financial commitment of $938,464 to Aspire Residential, LLC for Phase One of the Liberty Apartments project, a 192-unit apartment community. The project aims to provide affordable housing units, with Phase 1 (72 units) expected by June 2026 and Phase 2 (120 units) by April 2028.

Who holds it

Aspire Residential holds this funding agreement contract with City of Grand Junction.

What happens next

Term as filed: Phase 1: June 2026, Phase 2: April 2028.

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Contract details

Contract type
Funding Agreement
Amount
$938,464
Document date
September 17, 2025
Term
Phase 1: June 2026, Phase 2: April 2028
Source document
grand-junction-city-council-resolution-september-17-2025_b3f.pdf (Resolution)

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Questions about this contract

Who was awarded the funding agreement contract by City of Grand Junction?

Aspire Residential was awarded this funding agreement contract by City of Grand Junction, as recorded on September 17, 2025. The contract value is $938,464.

How much is the Aspire Residential contract with City of Grand Junction worth?

The Aspire Residential contract with City of Grand Junction is valued at $938,464, covering funding agreement work.

What type of contract is this?

This is a Funding Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in grand-junction-city-council-resolution-september-17-2025_b3f.pdf (Resolution), dated September 17, 2025 from City of Grand Junction. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Aspire Residential hold?

Aspire Residential 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 Grand Junction currently buying?

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

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