City of Menlo Park PlanetBids #2026-100926-101526

Menlo Park seeks proposals for approximately $4 million in affordable-housing funds

The City of Menlo Park is seeking proposals for approximately $4 million in affordable-housing funding. - Government buyer: City of Menlo Park, Community Development Department, Housing Division (San Mateo County, California). - Funding sought: Approximately $4 million in Below Market Rate (BMR) housing funds to help bridge the gap between development costs and other financing. - Eligible projects: Preservation or acquisition of existing affordable housing, and construction of permanent affordable rental or ownership housing for extremely low-, very low-, and low-income households. For mixed-income projects, only the affordable-housing portion is eligible; emergency shelters and transitional housing are excluded. - Applicant experience: Applicants must show successful affordable-housing development experience, including at least two years of ownership of at least two qualifying deed-restricted projects in the nine-county Bay Area, each with at least 10 units. A joint venture may qualify if at least one member meets the experience requirements. - Project priorities: Long-term affordability; service to lower-income households and people with special needs; leveraging other funding; green building; proximity to transit and services; and local hiring where applicable. Proposals are also assessed for community need, feasibility and readiness, affordability, community engagement, and alignment with City housing goals. - OEMs and vendors: No OEMs, manufacturers, or vendors are identified; this opportunity funds eligible housing projects rather than requesting specified commercial products. - Award decision: Funding is competitive, with decisions made by the City Council.

Description

The City of Menlo Park is seeking proposals for approximately $4 million in Below Market Rate (BMR) housing funds to support the preservation and production of permanent affordable housing. Funding is intended to fill the gap between projected development costs and other available funding sources. Eligible projects include preservation, acquisition, or new construction of permanent affordable rental or ownership housing for extremely low-, very low-, and low-income households; emergency shelters and transitional housing are ineligible. Awards will be made competitively by the City Council, with applications due November 20, 2026.

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