This Solicitation opportunity from Arizona was posted on November 7, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
220 Sunset Drive Development & Management
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The City of Sedona is seeking proposals from experienced developers to design, finance, and operate affordable workforce housing on a 2.22-acre parcel at 220 Sunset Drive. The project involves leasing the property to a developer who will construct approximately 46 housing units, with rental income targeted at tenants earning between 60% and 120% of the Area Median Income for Yavapai County, with a preference for households earning 80% to 120%. The lease term is up to 30 years, and proposers have the option to modify the unit types within the existing building footprint, though redesigns cannot alter the footprint itself. The project aims to address affordable housing needs in Sedona by providing a mix of housing options tailored to income levels, with detailed site plans and utility information included in the RFP. The solicitation, titled "220 Sunset Drive Development & Management," was posted on November 7, 2024, with a response deadline of December 5, 2024. The project is estimated to have a contract value between 10 and 20 million dollars and is categorized under NAICS code 441110, indicating a focus on residential building construction. Interested developers are encouraged to review the detailed opportunity through the provided online link, which offers additional project specifics and submission guidelines. This initiative reflects the City’s commitment to fostering affordable housing solutions within its community through public-private partnerships.
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