Carlsbad Planet bids #RFP 26-10

City of Carlsbad Affordable Housing Real Estate Services Solicitation

The City of Carlsbad is seeking qualified real estate professionals or firms to provide comprehensive services for the sale of city-owned, deed-restricted affordable housing units. - Government Buyer: - City of Carlsbad, Housing & Homeless Services Department (Finance Department) - Scope of Services: - Real estate brokerage for marketing and selling below market rate (BMR) residential properties - Screening and underwriting potential buyers for eligibility under the Affordable Housing Resale Program - Managing waitlists and responding to buyer inquiries - Facilitating the entire sales process, including preparation and coordination of purchase and sales documents - Providing escrow services: preparing reports, coordinating with all parties, ensuring all escrow conditions are met, and preparing necessary closing documents (demands, lien releases, etc.) - Program Details: - Properties are deed-restricted to maintain affordability for lower-income households (50-80% Area Median Income) - The City holds a second loan on properties to ensure ongoing affordability - Resale restrictions and occupancy requirements apply - Vendor Requirements: - Open to both individual professionals and teams; subcontractors permitted with clear role identification - No specific OEMs or product manufacturers are named in this solicitation - Contract Term: - Initial one-year contract with up to three additional one-year renewal options (total up to four years)

Description

The City of Carlsbad is seeking qualified individuals or firms to provide real estate services for the sale of city-owned, below-market-rate housing units. The services include screening potential buyers, determining eligibility, and providing escrow services. The initial contract is expected to start in January 2027 for one year, with options to renew for three additional one-year terms. The city will consider proposals from professionals representing individual disciplines or teams that can provide the full scope of services. Use of subcontractors is permitted with clear role identification and responsibility.

View original listing