North Carolina eVP #274-HCD-FY27-01

RFI for Affordable Housing and Community Development Projects under HUD Section 108 Loan Guarantee Program

The City of Raleigh's Housing and Community Development Department is seeking information from potential partners for projects eligible under the HUD Section 108 Loan Guarantee Program. - Buyer: City of Raleigh, Housing and Community Development Department - No specific OEMs or vendors are named, as this is a planning and information-gathering RFI - Approximately $14.2 million in financing authority available - Sought project types include: - Affordable housing development and preservation (rehabilitation, new construction) - Mixed-use and commercial redevelopment (adaptive reuse, corridor revitalization) - Public infrastructure improvements supporting redevelopment - Community development activities (site acquisition, neighborhood-serving commercial projects) - Respondents: Developers, nonprofit organizations, businesses, and public-private partnerships - Required information: Project concepts, financing needs, development barriers, public benefits, organizational details, and feedback on program design - Notable requirements: - Compliance with federal regulations (environmental review, Davis-Bacon, Section 3, Uniform Relocation Assistance, Build America Buy America, as applicable) - Projects must align with affordable housing, economic development, and community revitalization priorities - This is an RFI for planning purposes; no procurement of specific products or services at this stage

Description

The City of Raleigh is seeking information through a Request for Information (RFI) to support catalytic projects that advance affordable housing production, neighborhood revitalization, economic development, and broader community development priorities. The RFI aims to gauge market interest, identify potential eligible projects, understand financing needs and development barriers, support pipeline development, and inform program operationalization and underwriting considerations. The program is funded through the U.S. Department of Housing and Urban Development (HUD) Section 108 Loan Guarantee Program, which allows leveraging Community Development Block Grant funding for larger-scale financing opportunities. Respondents include developers, nonprofits, businesses, and public-private partnerships with projects aligned with affordable housing, mixed-use redevelopment, economic development, infrastructure improvements, and neighborhood revitalization.

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