Volusia Opengov #26-P-91MC

Volusia County Affordable Multi-Family Housing Loan Opportunity

Volusia County is seeking proposals for a loan to support the development or rehabilitation of affordable multi-family rental housing: - Government Buyer: - County of Volusia, Department of Community Services, Division of Community Assistance - Funding & Structure: - $460,000 available from the State Housing Initiatives Partnership Program (SHIP) - Loan is 50-year deferred, forgivable, and at 0% interest - Funding amount may be adjusted if the developer has received other local government contributions - Project Requirements: - Project must be located in Volusia County, outside Daytona Beach and Deltona - Must develop or rehabilitate one multi-family rental housing project - Project must provide ten SHIP-assisted units for very low-income households (≤50% Area Median Income) - Rent restrictions and affordability requirements must be maintained for at least 50 years - Applicant's project must be approved for Housing Credits (HC) financing by the Florida Housing Finance Corporation (FHFC) through RFA 2026-201 - Any funds spent before contract execution are not reimbursable - Notable Requirements: - Long-term affordability and occupancy restrictions - FHFC approval is mandatory - County may award to one applicant, none, or request further information - No specific OEMs or vendors are mentioned in this opportunity

Description

This solicitation is for a loan program aimed at supporting multi-family rental housing projects within Volusia County. The estimated contract value is $460,000, which may be adjusted if the developer has other contributions. The procurement is managed by the Community Assistance department of Volusia County. The bid response deadline is June 10, 2026, and no specific license or classification requirements are specified.

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