This Government Contract opportunity from California was posted on April 24, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Mailbox Only - Notice of Funding Availability for LHTF Multi-Family New Construction Affordable 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 City of Fresno is seeking applications from housing development organizations to undertake the new construction of multifamily affordable rental housing units targeted at households earning up to 80% of the Area Median Income. Selected developers will be responsible for all phases of project development including property acquisition, entitlements, environmental clearance, financing, and construction. As an incentive, the City is offering $3,934,505 in funding from its Local Housing Trust Fund to serve as gap financing in the form of a low-interest loan repayable from the project’s residual receipts or as hard debt. This funding is contingent upon the execution of a binding funding agreement between the City and the developer, which requires final approval by the City Council. All affordable units must remain subject to a 55-year affordability covenant ensuring long-term housing stability for low- to moderate-income residents. The solicitation, identified by number 12601837, was posted on April 24, 2026, with proposals due by May 26, 2026. No bid bond is required, and there is no set-aside classification specified. The notice is issued by the Planning & Development Department of the City of Fresno under the State of California, and all project work must be performed within the City. Interested parties are directed to reference the full specifications for detailed requirements, and further inquiries should be directed to Mayra Merino, the primary point of contact, via email or phone provided. Applications must be submitted through the designated vendor portal by the deadline to be considered.
General Info
Place of Performance
2600 Fresno Street Room 3065 Fresno, California 93721, CA, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
The selected Developer(s) will be required to perform all aspects of development (i.e.: property acquisition, entitlement, environmental clearance, financing, and construction). As an incentive, the City is proposing to provide $3,934,505 in funding through the City of Fresno’s Local Housing Trust Fund. Funding shall be used as gap financing for the development of affordable housing units within the project that carry a 55-year affordability covenant for multi-family housing. Funding will be provided as a low interest loan payable from the property’s residual receipts or as hard debt for a multi-family housing project. Upon selection of a proposed project(s), the City and developer will enter into a funding agreement(s) for a proposed project that is subject to City Council approval.
Notes: *SEE SPECIFICATIONS FOR FULL DETAILS
Bid Bond: 0.00%
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