City of Fresno PlanetBids #12602307

City of Fresno Affordable Housing Development Funding Opportunity

The City of Fresno Planning & Development Department is seeking experienced housing development organizations to construct new affordable housing or substantially rehabilitate existing housing within Fresno. - Government Buyer: - Planning & Development Department, City of Fresno - Funding and Programs: - Up to $2,804,486.73 in HOME Investment Partnerships (HOME) funding - Up to $414,909 in Community Housing Development Organization (CHDO) funding - Up to $5,030,456 in Permanent Local Housing Allocation (PLHA) - Allocations available for both single-family and multi-family projects - Products/Services Requested: - Comprehensive affordable housing development services, including: - Property acquisition - Entitlement and environmental clearance (CEQA/NEPA compliance) - Financing - Construction - Compliance with long-term affordability covenants (55 years for multi-family, 30 years for single-family) - Unique/Notable Requirements: - Funding provided as gap financing (low-interest loans or interim construction financing converting to permanent second mortgage assistance) - Developers must demonstrate site control, leverage additional funds, and align with City housing goals - Compliance with green building methods and universal design ordinance - Participation of disadvantaged business enterprises is required - Strict electronic submission requirements and prohibition on unauthorized contact with City officials - No specific OEMs or commercial vendors are named; the opportunity is open to qualified housing developers and organizations.

Description

The City of Fresno is soliciting applications from experienced housing development organizations to construct new affordable housing or substantially rehabilitate existing housing within the city. Selected developers will handle all aspects of development including property acquisition, entitlement, environmental clearance, financing, and construction. The City proposes to provide funding through federal and state programs, including HOME Investment Partnerships, Community Housing Development Organization funding, and Permanent Local Housing Allocation. Funding will be used as gap financing for affordable housing units with affordability covenants of 55 years for multi-family and 30 years for single-family housing. Funding will be provided as low interest loans or interim construction financing converting to permanent second mortgage assistance.

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