This Solicitation opportunity from Rhode Island was posted on October 28, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Housing Production Fund Extremely Low-Income Operating Reserve (HPF-ELI) Program

Closed

RI Housing and Mortgage Finance Corporation HPF-ELI 2024State & Local

Submission Closed11/25/2024, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 441110

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AI Contract Overview

The Rhode Island Housing and Mortgage Finance Corporation has announced the availability of funding through the Housing Production Fund (HPF), specifically targeting the development and preservation of affordable housing units. A significant focus of this funding is to support projects that serve Extremely Low-Income (ELI) households, defined as those earning at or below 30% of the Area Median Income, including individuals experiencing or at risk of homelessness. The funds are also designated to support resident services and subsidize operational costs for housing units serving these vulnerable populations. The program includes the HPF-ELI Operating Reserve, which aims to bolster the financial stability of developments dedicated to ELI households. Applicants interested in accessing these funds can submit their applications via the Rhode Island Housing website, where they will need to provide basic project information such as project name, property type, and construction type. The application process is streamlined, allowing applicants to select options like “Multifamily” for property type and either “New Build,” “Remodel,” or “Operating Reserve” for project type, with all choices leading to the application submission. The solicitation, titled "Housing Production Fund Extremely Low-Income Operating Reserve (HPF-ELI) Program," was posted on October 28, 2024, with a deadline for responses set for November 25, 2024. Funding amounts range from five million to twenty million dollars, supporting projects within Rhode Island aimed at increasing affordable housing stock and supporting extremely low-income residents.

General Info

Agency

Rhode Island Housing and Mortgage Finance Corporation

NAICS

441110 - New Car Dealers

Place of Performance

RI, USA

Set-Aside

NONE

Documents

RI Housing HPF-ELI 2024 Program Guidelines and RFP

rfp

High

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseClosed

PostedOct 28

Solicitation

Response DeadlineNov 25

Deadline has passed

Submission Closed

11/25/2024, 12:00:00 AM UTC

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Organization & Contact Information

AgencyRhode Island Housing and Mortgage Finance Corporation

ContactsNo contacts available

OfficeN/A

Organization / AgencyRhode Island Housing and Mortgage Finance Corporation

Office AddressN/A

ContactsNo contact information available

Full Description

RIHousing announces funding availability under the Housing Production Fund (“HPF”). The HPF is intended to support the development of new affordable housing and the preservation of existing affordable units. Additionally, the HPF is being used to support resident services and subsidize the operations of housing units serving Extremely Low-Income (“ELI”) households, defined as households with income at or below 30% of Area Median Income (“AMI”).
RIHousing anticipates that the HPF Extremely Low-Income Operating Reserve (“HFP-ELI”) funding will be used to support developments providing units designated to serve ELI households including those experiencing homelessness or at risk of becoming homeless.
To apply, please visit our website: https://osa.rihousing.com/funds/88. Once you’re logged in, click New Application to get started.
When starting a new application for HPF-ELI funds, you will see three initial areas to fill out: Project Name, Property Type, and Construction Type. Please fill in your property name/project name, choose “Multifamily” from the Property Type drop-down, and then choose either New Build, Remodel or Operating Reserve from the Project Type drop-down—either choice will bring you to the application and will not affect your application. Once filled out, click “Submit,” and you will be brought to a new page where you can choose the HPF-ELI application.