Rancho Cordova Granicus #1496

Developer sought for a 210-unit-or-more affordable housing community

The City of Rancho Cordova is seeking a developer to deliver a long-term affordable multifamily housing community on City-owned land. - Government buyer: City of Rancho Cordova, California; no sub-agency or specific office is identified. - Opportunity: Develop housing on City-owned property near the southeast corner of Rancho Cordova Parkway and Chrysanthy Boulevard. - Requested service: One affordable multifamily housing development, including financing, design, entitlement approvals, construction, ownership, and long-term operation. - The community must include at least 210 affordable housing units and maintain long-term affordability. - The development should complement the surrounding community. - The developer is expected to pursue state, federal, regional, private, and other funding sources while minimizing the need for additional City financial assistance. - OEMs and vendors: No OEMs or specific vendors are named. The prospective respondents are qualified affordable housing developers.

Description

The City of Rancho Cordova is seeking proposals from qualified affordable housing developers for an affordable multifamily housing community on City-owned property near the southeast corner of Rancho Cordova Parkway and Chrysanthy Boulevard. The selected developer will be responsible for financing, design, entitlements, construction, ownership, and long-term operation. The City seeks at least 210 affordable housing units that provide long-term affordability and complement the surrounding community. The project is intended to leverage state, federal, regional, private, and other funding sources while minimizing the need for additional City financial assistance.

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