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City loan for Maceo May apartments

Original title: “MYR Maceo May Apts”

$8.7M
paid on this contract in FY2024
$13.0M paid so far, of $13.0M agreed · runs to January 2077
December 7, 2022January 28, 2077
running

Paid to

Maceo May Apts L.P.prime contractor$13.0M

Paid from, FY2024

The fund tells which City account paid. Enterprise funds (Airport, Muni, Water…) are mostly paid from their own fees, fares and rents; the General Fund is mostly local taxes. A special revenue fund holds money earmarked for a purpose, often grants. The fund does not say where the money first came from.

Special revenue fund88%$7.7M
Special revenue fund · multi-year projects12%$1.0M

Paid year by year, FY2023–FY2024

FY2024$8.7M
FY2023$4.3M

Type and award

Contract type: Grants the City gives out

Award: Grant

Next contract in this departmentHousing grant for 685 Ellis Street62nd of 518 active contracts in this department by amount agreed$13.0M

Contract 1000028019 · Source: Supplier Contracts · every payment on this contract