This Solicitation opportunity from Florida was posted on May 21, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Local Government Area of Opportunity Loan for Multi-family Rental Housing
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
The County of Volusia is seeking proposals for a Local Government Area of Opportunity (LGAO) loan to support the development or rehabilitation of an affordable multi-family rental housing project within the county, excluding Daytona Beach and Deltona. A total of $460,000 in State Housing Initiatives Partnership Program (SHIP) funds is available, structured as a 50-year deferred, forgivable loan at 0% interest. The project must provide at least ten units serving very low-income households at or below 50% of the Area Median Income, with rent limits adhering to the more restrictive SHIP or Low-Income Housing Tax Credits standards. These units must remain affordable for a minimum of fifty years. Funding is contingent on the project's approval for Housing Credits financing through the Florida Housing Finance Corporation’s (FHFC) upcoming Request for Applications (RFA) 2026-201, expected to be released in June or July 2026. If no Volusia County projects are selected under this RFA, the conditional awards will be void and the funds reallocated. The contract and loan agreement will be formalized through a written rental development agreement authorized by the Volusia County Council. It is important to note that any expenses incurred before executing these agreements will not be reimbursed. The County reserves the right to award all, some, or none of the funds and may request additional information before making an award. The solicitation deadline for proposals is June 10, 2026.
General Info
Agency
NAICS
Place of Performance
FL, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Interested Companies (12)
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