Housing Authority of the city of Los Angeles Awards Financial Services Contract to The Michaels Development Company I LP (November 2026)
Housing Authority of the city of Los AngelesLocal Housing Authority · Los Angeles, CA- Disclosed value
- Approximately $3,500,000 loan to support the MGP equity contribution
- From resolution
- Approved
- Nov 9, 2026
The 30-second brief
LOMOD authorized a short-term loan of approximately $3.5 million from a lender affiliated with The Michaels Development Company I, L.P. The proceeds will support the Phase S6 MGP equity contribution and be repaid from the project developer fee.
The Michaels Development Company I LP holds this financial services contract with Housing Authority of the city of Los Angeles. Its other public contracts on record include work for city OF ATLANTA, Dept. of Housing and Community Development.
Term as filed: Short-term loan; repayment expected after the Partnership pays the approximately $4,500,000 developer fee within a few months after closing.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $3,500,000 loan to support the MGP equity contribution
- Document date
- November 9, 2026
- Term
- Short-term loan; repayment expected after the Partnership pays the approximately $4,500,000 developer fee within a few months after closing
- Source document
- La Cienega LOMOD, Inc. Resolution Authorizing and Approving the Execution of the Jordan Downs Phase S6 Project Ownership, Limited Partnership, Financing, and Related Documents and Agreements 2026-11-12 (Resolution)
The Michaels Development Company I LP'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?
The Michaels Development Company I LP was awarded this financial services contract by Housing Authority of the city of Los Angeles, as recorded on November 9, 2026. The contract value is Approximately $3,500,000 loan to support the MGP equity contribution.
How much is the The Michaels Development Company I LP contract with Housing Authority of the city of Los Angeles worth?
The The Michaels Development Company I LP contract with Housing Authority of the city of Los Angeles is valued at Approximately $3,500,000 loan to support the MGP equity contribution, 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 La Cienega LOMOD, Inc. Resolution Authorizing and Approving the Execution of the Jordan Downs Phase S6 Project Ownership, Limited Partnership, Financing, and Related Documents and Agreements 2026-11-12 (Resolution), dated November 9, 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 The Michaels Development Company I LP hold?
The Michaels Development Company I 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.
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.
