FINANCIAL_SERVICESAPPROVED

city OF ATLANTA, Dept. of Housing and Community Development Awards Financial Services Contract to Verbena Family Development Lp (July 2026)

The Housing Authority of the City of Atlanta approved execution of a Restore-Rebuild Project Based Voucher Housing Assistance Payments Agreement with Verbena Family Development, LP for 48 units at the Verbena Street development. Atlanta Housing estimates providing approximately $25 million in subsidy over an initial 20-year term for households up to 60% of HUD Area Median Income.

Status
APPROVED
Document date
July 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Verbena Family Development Lp
Agency
city OF ATLANTA, Dept. of Housing and Community Development · GA

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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
Estimated $25,032,656 in Housing Assistance Payments over 20 years
Contract type
FINANCIAL_SERVICES
Contract term
Initial term of up to 20 years
Renewal
Initial HAP contract commitment of up to 20 years for 48 RAD PBV units at up to 60% AMI, with projected subsidy based on 3% annual rent escalation; future renewals or extensions are not specified in the resolution.
Document type
Resolution
Source document
Housing Authority of the City of Atlanta Resolution No. 26-34 Verbena Street Financial Closing 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by city OF ATLANTA, Dept. of Housing and Community Development?

Verbena Family Development Lp was awarded this financial services contract by city OF ATLANTA, Dept. of Housing and Community Development, as recorded on July 22, 2026. The contract value is Estimated $25,032,656 in Housing Assistance Payments over 20 years.

How much is the Verbena Family Development Lp contract with city OF ATLANTA, Dept. of Housing and Community Development worth?

The Verbena Family Development Lp contract with city OF ATLANTA, Dept. of Housing and Community Development is valued at Estimated $25,032,656 in Housing Assistance Payments over 20 years, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Housing Authority of the City of Atlanta Resolution No. 26-34 Verbena Street Financial Closing 2026-07-22 (Resolution), dated July 22, 2026 from city OF ATLANTA, Dept. of Housing and Community Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Verbena Family Development Lp hold?

Verbena Family Development Lp 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 Verbena Family Development Lp's profile

What is city OF ATLANTA, Dept. of Housing and Community Development currently buying?

Explore city OF ATLANTA, Dept. of Housing and Community Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View city OF ATLANTA, Dept. of Housing and Community Development's profile

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