FINANCIAL_SERVICESPENDING

Red Stone to Invest $19.8 Million LIHTC Equity

Red Stone Equity Partners has agreed to invest approximately $19.8 million in 4% housing credit equity for Serenity Gardens under a multi-stage capital contribution schedule. The syndication structure also funds an estimated $1.36 million operating deficit reserve at construction completion.

Document date · May 11, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
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WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
$19,773,600 in housing credit equity (5 capital installments: $2,966,040; $988,680; $988,680; $14,434,728; $395,472)
Contract type
FINANCIAL_SERVICES
Contract term
Capital contributions tied to construction and lease-up milestones running through receipt of IRS Form 8609s and initial tenant file audit (roughly through 2028)
Renewal
Letter of intent dated April 28, 2026; equity pay-ins subject to construction, occupancy, and compliance milestones, including receipt of 8609s and extended use agreement.
Document type
Report
Source document
Housing Finance Authority of Miami-Dade County Credit Underwriting Report Serenity Gardens 2026-05-11

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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 Finance Authority of Miami-Dade County?

Red Stone Equity Partners Llc was awarded this financial services contract by Housing Finance Authority of Miami-Dade County, as recorded on May 11, 2026. The contract value is $19,773,600 in housing credit equity (5 capital installments: $2,966,040; $988,680; $988,680; $14,434,728; $395,472).

How much is the Red Stone Equity Partners Llc contract with Housing Finance Authority of Miami-Dade County worth?

The Red Stone Equity Partners Llc contract with Housing Finance Authority of Miami-Dade County is valued at $19,773,600 in housing credit equity (5 capital installments: $2,966,040; $988,680; $988,680; $14,434,728; $395,472), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Housing Finance Authority of Miami-Dade County Credit Underwriting Report Serenity Gardens 2026-05-11 (Report), dated May 11, 2026 from Housing Finance Authority of Miami-Dade County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Red Stone Equity Partners Llc hold?

Red Stone Equity Partners Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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