REQUEST FOR PROPOSALS - ELM STREET COMMONS

The Anaheim Housing Authority has issued Request for Proposals DEV-2026-RFP-002 to solicit qualified developers for the acquisition and stabilization of Elm Street Commons, a 52-unit affordable multifamily rental community located at 111–125 West Elm Street in Anaheim, California. Originally developed in 2006, the property consists of a single four-story building with approximately 78,000 square feet of gross area, including 34 two-bedroom and 18 three-bedroom units. The community is 100% affordable, with rent restrictions set for households earning between 30% and 60% of the Area Median Income. Following a strategic default by previous ownership, the Authority assumed ownership to protect resident stability and long-term affordability. The selected developer will enter into a long-term ground lease and assume full operational responsibility, adhering to a regulatory agreement that enforces affordability covenants for a minimum of 55 years. Prospective developers must navigate several critical operational and regulatory requirements. A recent property condition assessment indicates the site is in good to fair condition, though it requires attention to deferred maintenance and long-term capital replacements. Existing service contracts for landscaping, fire monitoring, and elevator maintenance total approximately $12,020 annually. The developer is strictly bound by non-discrimination and fair housing laws, accessibility standards under the Americans with Disabilities Act, and environmental regulations regarding hazardous materials. Furthermore, the Authority maintains significant oversight rights, including the ability to inspect the site with 24-hour notice and the authority to perform necessary maintenance or attach liens if the developer fails to address issues such as debris or building improvements within specified timeframes. Proposals must be submitted through OpenGov by the deadline of October 30, 2026.