Start your 7-day free trial — unlock full access instantly.

Back to Search

Lead Closed

This opportunity is no longer accepting submissions.

Union (City)Red Risk
Closed
Building & Construction

2024 Affordable Housing Annual Monitoring Report

BID #: N/A
ISSUED: 5/1/2024
DUE: TBD
VALUE: $1.4M
65
Rating

Risk Rank

Red Risk

AI-Powered Lead Insights

Executive Summary

The City of Union City requires an annual monitoring report for affordable housing projects and housing trust fund activity. As a State-designated Urban Aid Municipality, Union City has specific obligations outlined in a Settlement Agreement executed on May 2, 2017, and a Final Order Judgement of Compliance and Repose issued on October 23, 2018. The city must provide annual reporting on the status of affordable housing activity. Recent activities include allocating $850,000 to an age-restricted affordable development and $1.4 million for rehabilitation/construction projects. Negotiations with RPM Development Group are ongoing for a property at 720 8th Street, anticipated to break ground in early May 2024. Prioritized spending is also allocated for general rehabilitation projects and exploring new construction opportunities.

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

9 CLAUSES FOUND
"...ition, as may be required by the City, a personal guaranty of Edward G. Martoglio shall be provided in an amount not to exceed the face amount of a performance bond if same had been provided in lieu of the personal guaranty. Section 2.05. PILOT Contingency. In order to enhance the economic viability of..."

liquidated damages

Evidence Detected

1 CLAUSES FOUND
"...d Partnership financial statements (including all supporting documentation) by March 1st. Any delays beyond the designated due date may result in a $100 per day penalty to the Partnership. The Partnership Accountant shall review and approve the basis and benefits calculations prior to the payment of the Fi..."

Quick Actions

Timeline

First Discovered

Apr 2, 2026

Last Info Update

Apr 3, 2026

Start your 7-day free trial

Get instant notifications and full bid analysis. Existing users will be logged in automatically.

Start Free Trial
2024 Affordable Housing Annual Monitoring Report — Union (City) | MuniBidder