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This Solicitation opportunity from New York was posted on June 6, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Rockland County Office of Community Development Housing Loan fund

Closed
2110771State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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FINADMIN494 - Finance & Administration

POSTED

about 21 hours ago

DEADLINE

in 6 days

AI Contract Overview

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Rockland County is issuing a Notice of Funding Availability to support affordable housing development projects aimed at increasing and preserving housing options for low- to moderate- and middle-income households, especially those earning below 80% of the area median income. The county plans to allocate approximately $13.5 million from federal COVID relief funds, specifically the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund, with a commitment deadline set for December 31, 2024. The funding will be provided through low-interest loans to qualified developers for activities including acquisition, predevelopment, construction, rehabilitation, and redevelopment of suitable sites within the county. Priority will be given to projects that can leverage additional public or private funding, serve very low-income populations, promote affordable homeownership, or ensure long-term affordability. Interested vendors must obtain official bidding documents through the Bonfire portal to ensure they receive all relevant information and updates. The proposal submission deadline is July 11, 2024, at 3:00 PM. The solicitation is open to various locations within New York State, and the contract size is set at approximately $13.5 million. The County emphasizes the importance of timely project progression and encourages proposals that demonstrate the ability to proceed efficiently. For further details or inquiries, vendors can contact Paul Brennan, the Director of Purchasing, via email or phone.

General Info

Agency

New York → Rockland County

Place of Performance

NY, USA

Set-Aside

NONE

Documents

0

No documents available

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyNew York → Rockland County
Contacts1 person available
OfficeN/A
Organization / Agency
New York → Rockland County
Office AddressN/A
Contacts
Paul BrennanDirector of Purchasing

Full Description

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Notice of Funding Availability (NOFA)  Rockland County (County) is seeking proposals from experienced affordable housing developers to support projects that will preserve and increase the supply of affordable housing in the county through the acquisition, predevelopment, construction, rehabilitation, and redevelopment of suitable sites in Rockland County. The County will provide low interest loans to selected applicants to support the provision of housing to low- to moderate to middle-income (LMI) households[1] particularly those with incomes below 80% of the area median income (other income ranges will be considered if at the time of application such terms are available subject to federal and state regulations).  The County intends to designate $13.5 million of funds made available under the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund (together, the SLFRF, under the Federal Social Security Act), which it intends to commit to eligible projects before the commitment deadline of December 31, 2024. This NOFA describes details around eligible projects and borrowers, as well as factors the County will consider in selecting projects for commitment, including the ability of the project to proceed to construction on a timely basis.  Proposals that can leverage commitments from other public and private sources, serve low-income and very low-income households, create affordable homeownership opportunities, or generate permanent affordability, are other areas of priority for the limited funding made available under this RFA. IMPORTANT NOTICE – Bid Distribution: Vendors interested in obtaining the official version of the solicitation may register to download the solicitation at: https://rocklandgov.bonfirehub.com/portal. The County of Rockland officially distributes bidding documents through the Bonfire System. Copies of bidding documents obtained from any other source are not considered official copies. Only those vendors who obtain bidding documents from the Bonfire Portal are guaranteed to receive all attachments, drawings or addendum information, if such information is issued.   Due date:07/11/2024 3:00 PM County(ies): All NYS counties Location: various

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