Lake County Civic Plus #272070

Affordable Single-Family Home Construction Funding – Lake County Regional Housing Trust Fund

The Lake County Regional Housing Trust Fund is seeking proposals from qualified housing developers for the construction of affordable single-family homes in Lake County, California under the Homeownership Opportunity Program. - Government Buyer: - Lake County Regional Housing Trust Fund (representing County of Lake, City of Lakeport, City of Clearlake) - Funding and Scope: - Up to $1,250,000 in total funding available - Maximum subsidy of $125,000 per unit - Target residents earning up to 80% of Area Median Income (AMI) - Project Requirements: - Construction of affordable single-family home units - 30-year affordability covenants with resale restrictions and shared equity formulas - Projects must begin construction by the specified deadline and complete within six months - No specific OEMs or vendors are named, as this is a construction and development opportunity - The opportunity will result in a single award to the top-ranked proposal

Description

The Lake County Regional Housing Trust Fund is soliciting proposals from qualified firms for the construction of affordable housing projects aimed at rapidly expanding single-family home options through the Homeownership Opportunity Program in Lake County. Qualified housing developers are invited to apply for up to $1,250,000 in funding from the Lake County Regional Housing Trust Fund. Applications are contingent upon the Trust Fund's successful application for additional funds. The solicitation includes a pre-bid meeting and a submission deadline.

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