This Solicitation opportunity from Arizona was posted on January 2, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
LIHTC Development & Management
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The City of Sedona is seeking proposals from qualified affordable housing developers with proven experience in building, financing, and managing Low-income Housing Tax Credit (LIHTC) projects. The selected developer will be responsible for constructing new affordable multifamily housing on a property located at 2411 W. State Route 89A, which the City is acquiring. The project aims to develop, operate, and manage affordable rental housing in accordance with the specifications, terms, and conditions outlined in the Request for Proposal (RFP). Interested firms are encouraged to review the entire RFP carefully before submitting their proposals. The solicitation, titled "LIHTC Development & Management," was posted on January 2, 2025, with a deadline for responses set for January 30, 2025. The contract size is estimated to range between 10 million and 50 million dollars, reflecting the scope and scale of the development project. This opportunity is part of Sedona’s efforts to expand affordable housing options within the community, leveraging LIHTC incentives to support the development, construction, and ongoing management of the rental units. More details and the proposal submission link are available through the provided online portal.
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