City of Fresno PlanetBids #2026-2027 AHD NOFA

Affordable Housing Development Funding Opportunity – City of Fresno

The City of Fresno Planning & Development Department is inviting experienced housing developers to apply for funding to build or rehabilitate affordable housing in Fresno. - Government Buyer: - City of Fresno Planning & Development Department - OEMs and Vendors: - No specific OEMs or vendors are named; this is a solicitation for development proposals - Products/Services Requested: - Comprehensive affordable housing development services - Includes property acquisition, entitlement, environmental clearance, financing, and construction - Long-term affordability covenants required: 55 years for multi-family, 30 years for single-family - Funding Incentives: - Up to $2,804,486.73 from HOME Investment Partnerships (HOME) program - Up to $414,909 from Community Housing Development Organization (CHDO) funding - Up to $5,030,456 from Permanent Local Housing Allocation (PLHA) - Specific allocations for single-family and multi-family projects - Funding provided as gap financing, structured as low-interest loans, hard debt, or interim construction financing converting to permanent second mortgage assistance - Unique/Notable Requirements: - Developers must manage all aspects of the project, from acquisition to construction - Affordability covenants are mandatory for the duration specified - Funding is contingent on compliance with federal and state program requirements

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 development aspects including property acquisition, entitlement, environmental clearance, financing, and construction. The City proposes funding through federal and state programs, including HOME Investment Partnerships, CHDO funding, and Permanent Local Housing Allocation, totaling several million dollars. Funding will be provided as gap financing with affordability covenants of 55 years for multi-family and 30 years for single-family housing. Upon project selection, a funding agreement subject to City Council approval will be executed.

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