This Solicitation opportunity from Florida was posted on November 27, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
County Owned Land for Development
Contract Overview
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Volusia County is offering to donate county-owned land to a qualified non-profit organization for the purpose of developing affordable housing units. In return, the developer must construct new housing that is accessible to households earning at or below 120% of the area median income (AMI), with at least 51% of the units designated for those at or below 80% AMI. The project must be completed and documented within 48 months of signing a written agreement, and rental units must adhere to the rent limits established by the Florida Housing Finance Corporation’s SHIP program. If units are sold, the purchase price cannot exceed the county’s maximum sales price, and buyers must meet specific financial ratios, including front-end and back-end debt-to-income limits, with some flexibility for first mortgage requirements. The project is subject to a 50-year affordability period, during which income and rent restrictions must be maintained as per SHIP guidelines, enforced through legal agreements and recorded covenants. The non-profit organization is responsible for ensuring compliance with all applicable codes, permits, and regulations, including local, state, and federal laws, as well as building standards and disaster mitigation standards. Emphasis is placed on energy-efficient construction methods and materials to reduce utility costs. Regular reporting on project progress, timelines, and status is required, and the project’s scope includes meeting all zoning, permitting, and legal requirements to ensure the development aligns with community and county policies. The contract size ranges from one to five million dollars, with a primary contact provided for inquiries.
General Info
Place of Performance
FL, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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