This Solicitation opportunity from Florida was posted on May 19, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Notice of Funding Availability & Request for Applications for Local Government Area of Opportunity Funding in Conjunction with Florida Housing Finance Corporation RFA 2024-201
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The St. Lucie County Board of County Commissioners has allocated $460,000 to support developers in their efforts to secure funding from the Florida Housing Finance Corporation for affordable housing projects. The County is seeking qualified, licensed, and insured developers to submit applications through a Request for Applications process, with the goal of developing affordable housing communities that align with the County’s objectives of neighborhood revitalization, economic development, and increased housing affordability. The partnership terms will be negotiated with the selected developer, emphasizing flexibility and collaboration to ensure the project's success. Applicants are encouraged to leverage various financial subsidies from private, institutional, and public sources to maximize project value and affordability. This solicitation aims to identify experienced development teams capable of designing, entitling, constructing, financing, and operating affordable housing projects in Florida. The deadline for submissions is June 19, 2024, and the total available funding for this initiative is set at $460,000. The process underscores the County’s commitment to fostering sustainable community growth through strategic partnerships and targeted funding support, with the overarching objective of increasing affordable housing options within the region.
General Info
Agency
Place of Performance
FL, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
The County is soliciting a Request for Applications (RFA) from qualified, licensed, and insured developers who meet the qualifications herein to develop an affordable housing community. All terms of the partnership structure are subject to negotiation between the parties upon the selection of a successful developer after completion of this RFA.
To accomplish the County’s goal to increase the supply of affordable housing, the Applicants are encouraged to use and seek the various private, institutional, and public financial subsidies available to enhance housing affordability and maximize the value of the project. This RFA is intended to identify and engage a development team that has a demonstrated track record and capacity to successfully design, entitle, build, finance, and operate an affordable housing project.
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