FY 22/23 - Financial Assistance - Loan

The State of California, through its Housing & Community Development organization, executed an encumbrance-only contract award to Holtville Senior Associates on August 3, 2026, with a total contract value of $7.15 million. This encumbrance-only designation indicates that funds have been allocated and committed against this contract without implying actual expenditure or performance obligations at the time of award. The contract encompasses a single line item classified as Financial Assistance – Loan for Fiscal Year 2022/23, with a unit price of $7,150,612.

The financial assistance mechanism provided under this contract represents a loan instrument intended to support housing and community development initiatives. As an encumbrance-only award, this contract serves primarily to reserve budgeted funds rather than to obligate immediate service delivery or performance. While specific geographic details regarding the location of Holtville Senior Associates or the intended beneficiary jurisdiction are not explicitly detailed in the award documentation, the contract structure and nomenclature suggest the assistance is directed toward senior housing development or related community development objectives within California.