HACLA Recommends Michaels Development Agreement Amendment
Housing Authority of the city of Los AngelesLocal Housing Authority · Los Angeles, CA- Disclosed value
- Developer Fee of $2,200,000; Deferred Developer Fee of $1,053,706; HACLA Fee of approximately $650,741.72
- From staffreport
- Document date
- Jun 11, 2026
The 30-second brief
HACLA recommended amending its development agreement with The Michaels Development Company I, L.P. for Jordan Downs Phase S4. The amendment recognizes a $2.2 million developer fee, a $1.053706 million deferred developer fee, and related project fees.
The Michaels Development Company I LP holds this 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: Agreement dated June 1, 2023; amendment dated in 2026.
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Contract details
- Amount
- Developer Fee of $2,200,000; Deferred Developer Fee of $1,053,706; HACLA Fee of approximately $650,741.72
- Document date
- June 11, 2026
- Term
- Agreement dated June 1, 2023; amendment dated in 2026
- Source document
- Housing Authority of the City of Los Angeles Staff Report Resolution Authorizing the Execution of All Documents Required for the Permanent Financing of Jordan Downs Phase S4 2026-06-11 (StaffReport)
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 government contract by Housing Authority of the city of Los Angeles?
The Michaels Development Company I LP was awarded this government contract by Housing Authority of the city of Los Angeles, as recorded on June 11, 2026. The contract value is Developer Fee of $2,200,000; Deferred Developer Fee of $1,053,706; HACLA Fee of approximately $650,741.72.
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 Developer Fee of $2,200,000; Deferred Developer Fee of $1,053,706; HACLA Fee of approximately $650,741.72.
What type of contract is this?
This is a government contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Housing Authority of the City of Los Angeles Staff Report Resolution Authorizing the Execution of All Documents Required for the Permanent Financing of Jordan Downs Phase S4 2026-06-11 (StaffReport), dated June 11, 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.
