Falls Church Civicplus #RFP 0806-26-VVAHS

Falls Church Affordable Housing Redevelopment and Renovation Opportunity

This opportunity involves the City of Falls Church, Virginia, seeking proposals for the redevelopment or renovation of City-owned parcels in the Virginia Village neighborhood to preserve and expand affordable housing. - Government Buyer: - City of Falls Church, Virginia - Managed by the City's Economic Development Authority - Project Scope: - Redevelopment or renovation of up to ten City-owned parcels currently containing quadplexes of one-bedroom units - Goal is to preserve and expand committed affordable housing in Virginia Village - Products/Services Requested: - Comprehensive development, renovation, or repositioning services for affordable housing units - Includes design, construction, financing, and resident services - Proposal Requirements: - Development concept and resident services strategy - Detailed financing plan, including Low Income Housing Tax Credit (LIHTC) strategies and contingency plans - Project schedule with milestones (site plan approval, financing closure, construction phases) - Compliance with HUD relocation policies - Minimum percentage of units affordable to households earning 50% of area median income or less - Emphasis on two-bedroom units for larger households - Creative financing and ownership structures encouraged (e.g., ground lease, fee simple transfer) - Innovative design approaches to maximize affordability, sustainability, and accessibility - City will provide available environmental assessments; proposals may include additional property acquisition - No specific OEMs or vendors are named in the solicitation.

Description

The City of Falls Church is soliciting proposals for the Virginia Village Affordable Housing Project. The project involves redevelopment or renovation of City-owned parcels in the Virginia Village neighborhood to preserve and expand committed affordable housing. Proposals should include a development concept, resident services strategy, financing plan including Low Income Housing Tax Credit (LIHTC) strategies, and a project schedule. The City seeks innovative financing and design approaches that align with its affordable housing policies and community plans.

View original listing