Affordable Housing Loan Approved for Developer

The City Council will authorize a $1.5 million loan to MP Madison Street Associates, L.P. for an affordable housing project. The item also assigns the PLHA loan to the developer.

Document date · September 15, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1.5 Million

Contract type

OTHER

Document type

Agenda

Source document

City of Monterey Agenda Council Regular Meeting September 15, 2026

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City of Monterey Agenda 2026-09-15

APPROVED

Monterey Public Library, California$1.5 million loanSep 15, 2026

City of Monterey Agenda Council Regular Meeting and Closed Session, and Ocean View Community Services District Meeting 2026-09-15

PENDING

City of Monterey, California$1,500,000Sep 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Monterey Public Library?

Mp Madison Street Associates Lp was awarded this government contract by Monterey Public Library, as recorded on September 15, 2026. The contract value is $1.5 Million.

How much is the Mp Madison Street Associates Lp contract with Monterey Public Library worth?

The Mp Madison Street Associates Lp contract with Monterey Public Library is valued at $1.5 Million.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Monterey Agenda Council Regular Meeting September 15, 2026 (Agenda), dated September 15, 2026 from Monterey Public Library. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mp Madison Street Associates Lp hold?

Mp Madison Street Associates 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.

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