North Carolina eVP #323-AE26-006

Chapel Hill Seeks Development Partner for Affordable Housing at 101 Weaver Dairy Road Extension

The Town of Chapel Hill is seeking a qualified development partner to design, finance, and construct affordable housing on a 4.11-acre, Town-owned site at 101 Weaver Dairy Road Extension. - Government Buyer: - Town of Chapel Hill, Department of Housing and Community Development - Project Scope: - Development partner to provide comprehensive services: community engagement, pre-development analysis, securing financing (including potential use of 4% and/or 9% Low-Income Housing Tax Credits), and project management - Design and construction of affordable housing units for households earning at or below 60% of Area Median Income - Maximize the number of affordable units while minimizing Town subsidy - Town will retain land ownership via a long-term ground lease - Incentives may include fee waivers, gap financing, and streamlined review - Unique/Notable Requirements: - Proposals must comply with North Carolina procurement laws and meet specific insurance requirements - Emphasis on leveraging public-private financing and collaborating closely with Town staff - No electronic bids permitted; submissions must follow RFQ instructions - No specific OEMs or vendors are named, as this is a request for qualifications for development services

Description

The Town of Chapel Hill is seeking a development partner to develop affordable housing on a Town-owned property located at 101 Weaver Dairy Road Extension. The project aims to address multiple community needs and focuses on serving households earning at or below 60% of the Area Median Income. The Town prefers to maintain land ownership through a long-term ground lease and is looking for projects that maximize affordable units while minimizing Town subsidy. The solicitation includes a detailed process for partner selection, insurance requirements, and emphasizes collaboration with the public sector.

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