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Gap financing for housing at Sunnydale Block 3B

Original title: “MYR Sunnydale Block 3B Gap”

$22.1M
paid on this contract in FY2024
$27.5M paid so far, of $29.7M agreed · runs to March 2080
February 23, 2023March 1, 2080
running

Paid to

Sunnydale Block 3B Housing Partners LPprime contractor$27.5M

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 fund84%$18.6M
Special revenue fund · multi-year projects16%$3.5M

Paid year by year, FY2023–FY2024

FY2024$22.1M
FY2023$5.4M

Type and award

Contract type: Grants the City gives out

Award: Grant

Next contract in this departmentCity housing loan for a Treasure Island building21st of 518 active contracts in this department by amount agreed$29.0M

Contract 1000028357 · Source: Supplier Contracts · every payment on this contract