This Solicitation opportunity from New Mexico was posted on June 1, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
2024 Affordable Rental Housing Project Gap Financing Utilizing Coronavirus State and Local Fiscal Recovery Funds
Contract Overview
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The contract involves a competitive process to select qualified non-profit organizations and government entities to develop an affordable multi-family rental housing project targeting low and moderate-income households in Albuquerque, New Mexico. The project aims to leverage financing through the Low Income Housing Tax Credits (LIHTC) program, with the City of Albuquerque providing up to $4 million in funding from the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) allocated by the U.S. Department of Treasury under the American Rescue Plan Act. The city will serve as a pass-through entity for these funds, facilitating their use for the project’s development. The solicitation, titled "2024 Affordable Rental Housing Project Gap Financing Utilizing Coronavirus State and Local Fiscal Recovery Funds," was posted on June 1, 2024, with a deadline for responses set for July 1, 2024. This initiative emphasizes fostering affordable housing solutions in New Mexico by combining federal recovery funds with private and public sector investments to support housing affordability and community development.
General Info
Place of Performance
NM, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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