FINANCIAL_SERVICESRENEWED

Ventura Housing Renews Line of Credit with Banc of California

Ventura Housing approved Resolution No. 26-20 to renew its existing $1,000,000 line of credit with Banc of California. The revolving credit facility matures on September 30, 2027 and carries a variable rate tied to the Wall Street Journal Prime Rate, with a $500 documentation fee.

Document date · August 26, 2026

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Revolving line of credit that matures on September 30, 2027; interest payable monthly and principal and interest due at maturity
Renewal date
2027-09-30
Renewal
Renewal of existing line of credit; revolving facility with monthly interest payments and principal plus interest due at maturity. Variable rate based on Wall Street Journal Prime Rate, with a floor of 6.250%, and a $500 one-time loan/document fee.
Document type
StaffReport
Source document
Ventura Housing StaffReport Approve Board Resolution 26-20 to Renew Existing Line of Credit with Banc of California 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of the city of San Buenaventura?

Banc of California was awarded this financial services contract by Housing Authority of the city of San Buenaventura, as recorded on August 26, 2026. The contract value is $1,000,000.

How much is the Banc of California contract with Housing Authority of the city of San Buenaventura worth?

The Banc of California contract with Housing Authority of the city of San Buenaventura is valued at $1,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Ventura Housing StaffReport Approve Board Resolution 26-20 to Renew Existing Line of Credit with Banc of California 2026-08-26 (StaffReport), dated August 26, 2026 from Housing Authority of the city of San Buenaventura. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Banc of California hold?

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