San Mateo Opengov #2027-RFP-00078

Affordable Housing Development Opportunity at 710 Hamilton St, Redwood City

This opportunity seeks qualified developer teams for a mixed-income affordable housing project in Redwood City, CA. - Government Buyer: - County of San Mateo, Department of Housing - Project Overview: - Redevelopment of a 20,500 sq. ft. County-owned parcel at 710 Hamilton St - Current site: County-operated law library to be replaced with affordable housing - Preference for public agency employees, including County staff, as tenants - Financial Structure: - County will retain land ownership via long-term ground lease - County prepared to contribute up to 80% of total development costs (with repayment and ROI expected) - Up to $250,000 in predevelopment loan funding available for early project tasks - Developer Requirements: - Demonstrated experience in affordable, deed-restricted housing developments - Project must be eligible for ministerial approval under state housing laws - Products/Services Requested: - Full-scope development and operation of affordable housing (design, construction, financing, property management) - OEMs and Vendors: - No specific OEMs or vendors named; open to all qualified developer teams - Unique/Notable Requirements: - Preference for public employee tenants - Long-term ground lease structure - Substantial County financial participation with expectation of repayment

Description

The County of San Mateo, through its Department of Housing, is seeking qualified developer teams to submit qualifications and conceptual proposals for developing and operating a mix of low-, moderate-, and middle-income housing on a County-owned property at 710 Hamilton St, Redwood City, CA. The project involves a parcel of approximately 20,500 sq ft, currently improved with a County-operated law library, intended for affordable housing with a public employee preference. The County will contribute up to 80% of total development costs and retain land ownership through a long-term ground lease. Additionally, up to $250,000 in predevelopment loan funding is available upon approval.

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