City of Houston BeaconBid #NOFA-2025-0003

Houston funding for affordable multifamily rehabilitation and acquisition-rehabilitation

The City of Houston is offering Community Development Block Grant funding for eligible affordable multifamily housing rehabilitation projects. - Government buyer: City of Houston Housing and Community Development Department (HCD), Houston, Harris County, Texas. - Funding opportunity: Applications from multifamily housing developers to rehabilitate existing properties or acquire existing properties for rehabilitation within Houston city limits, serving low- to moderate-income residents. - Funding range: $1.5 million to $6 million per project; funding may cover no more than 50% of total development cost. - Project eligibility and requirements: - Property must be an existing multifamily development built in 2005 or earlier, with at least 40 units. - Improvements must be shown to extend the property's useful life by at least 20 years. - Project must meet HCD flood-zone standards and include a backup generator for critical functions and an electrical failure plan. - Applicants must demonstrate successful development of at least five affordable multifamily developments. - Application materials: Proposals require organizational, financial, scope, design, site, market, environmental, operating, and funding documentation, as well as site-control evidence, a current appraisal, a project map, and a relocation plan. Certain studies and assessments may be submitted during underwriting; available Phase I environmental and lead-based-paint assessments should be included. - OEMs and vendors: No OEMs, product brands, or vendors are named. Applicants are housing developers proposing and delivering the projects.

Description

The City of Houston Housing and Community Development Department seeks applications from multifamily housing developers for funding to rehabilitate existing multifamily properties or acquire existing multifamily properties for rehabilitation within Houston’s corporate boundaries. The program supports affordable housing benefiting low-to-moderate income individuals, and applicants must demonstrate the capacity to rehabilitate and operate multifamily housing. Applications will be reviewed, underwritten, and scored using criteria in the NOFA. This is a re-release of NOFA-2025-0002 with updated threshold requirements and scoring criteria; requests must be between $1.5 million and $6 million and no more than 50% of total development cost.

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