City of Houston BeaconBid #NOFA-2025-0002

Houston Seeks Developers for Affordable Multifamily Housing Rehabilitation

The City of Houston Housing and Community Development Department is inviting developers to participate in the 2025 CDBG Multifamily Rehabilitation Program II. - Purpose: Finance the rehabilitation or acquisition and rehabilitation of existing multifamily properties to increase affordable housing for low-to-moderate income residents in Houston, Texas - Eligible applicants: Developers with experience in at least five affordable multifamily developments - Funding details: - Requests between $1.5 million and $6 million - Funding cannot exceed 50% of total development costs - Key requirements: - Compliance with flood zone standards - Installation of backup power generators - Adherence to minimum property standards - Submission of site control evidence, environmental assessments, and supporting documentation - No specific OEMs or vendors are named; solicitation is open to qualified developers - Services requested: Multifamily property rehabilitation or acquisition and rehabilitation - Notable: Focus on revitalizing affordable housing stock in Houston

Description

The City of Houston Housing and Community Development Department (HCD) is seeking applications from developers of multifamily housing to finance the rehabilitation or acquisition and rehabilitation of existing multifamily properties. The program aims to revitalize affordable multifamily housing for low-to-moderate income individuals in Houston. Applicants must demonstrate experience with at least five affordable multifamily developments and meet specific project requirements including flood zone standards and backup power generators. Funding requests should range between $1.5 million and $6 million, not exceeding 50% of total development costs.

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