CONTRACTAPPROVED

Housing Authority of the city of Los Angeles Awards Financial Services Contract to First Citizens Bank (May 2026)

Housing Authority of the city of Los Angeles logoHousing Authority of the city of Los Angeles
Disclosed value
Construction loan not to exceed $18,451,000
From resolution
Approved
May 19, 2026

The 30-second brief

What it covers

The Board authorized a construction loan from First Citizens Bank of up to $18.451 million for New Clark Residence. The financing will support construction and be secured by project-related loan and deed-of-trust documents.

Who holds it

First Citizens Bank holds this financial services contract with Housing Authority of the city of Los Angeles. Its other public contracts on record include work for Town of Warrenton and Iowa Arts Council | State of Iowa.

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Contract details

Contract type
Financial Services
Amount
Construction loan not to exceed $18,451,000
Document date
May 19, 2026
Source document
Housing Authority of the City of Los Angeles Resolution Authorizing Actions and Agreements for New Clark Residence 2026-05-19 (Resolution)

First Citizens Bank's other public contracts

More Housing Authority of the city of Los Angeles contracts

Questions about this contract

Who was awarded the financial services contract by Housing Authority of the city of Los Angeles?

First Citizens Bank was awarded this financial services contract by Housing Authority of the city of Los Angeles, as recorded on May 19, 2026. The contract value is Construction loan not to exceed $18,451,000.

How much is the First Citizens Bank contract with Housing Authority of the city of Los Angeles worth?

The First Citizens Bank contract with Housing Authority of the city of Los Angeles is valued at Construction loan not to exceed $18,451,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Housing Authority of the City of Los Angeles Resolution Authorizing Actions and Agreements for New Clark Residence 2026-05-19 (Resolution), dated May 19, 2026 from Housing Authority of the city of Los Angeles. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First Citizens Bank hold?

First Citizens Bank 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 Housing Authority of the city of Los Angeles currently buying?

Explore Housing Authority of the city of Los Angeles's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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