Bloomington Bids and Tenders #26-60

Bloomington HRA Solicitation 26-60: Affordable Homeownership Site Development

The Bloomington Housing and Redevelopment Authority is seeking an emerging development partner to create affordable homeownership opportunities on a four-acre site. - Government buyer: Housing and Redevelopment Authority in and for the City of Bloomington (HRA), under the City of Bloomington, Minnesota. - Opportunity: Solicitation 26-60 seeks proposals to develop the HRA’s property on the 8600 block of Xerxes Avenue for affordable homeownership. - Requested service: Site and affordable-housing project development; no specific quantity, part number, or OEM product is identified. - Developer qualifications: Applicants should demonstrate commitment to affordable housing, financing capability, and knowledge of the local market. Developers without completed new-construction projects may apply if they have relevant adjacent experience, such as construction or real estate. Partnerships are eligible. - Funding requirement: Selected partners must be able to contribute at least $30,000 in project equity. The HRA may pursue additional funding and invest in the properties on the site. - Vendors and OEMs: No vendor or manufacturer is named.

Description

The Bloomington HRA is seeking proposals from emerging developers to develop a four-acre property on the 8600 block of Xerxes Avenue for affordable homeownership opportunities. Applicants should demonstrate commitment to affordable housing, financing capabilities, and local market knowledge; partnerships are eligible. Applicants without completed new construction projects may apply if they have experience in adjacent fields such as construction or real estate and are expanding into development. The HRA seeks partners able to contribute at least $30,000 in equity and will continue pursuing additional funding opportunities and investing in the properties on the site.

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