The Ranch Affordable Housing Development Project

The City of Rancho Cordova is soliciting proposals for The Ranch Affordable Housing Development Project, a comprehensive initiative to finance, design, entitle, construct, own, operate, and maintain an affordable multifamily rental housing community. Located on City-owned property near the southeast corner of Rancho Cordova Parkway and Chrysantly Boulevard, the project requires the creation of at least 210 housing units catering to extremely low, very low, and low-income households. Key project requirements include the provision of resident amenities, community and open spaces, and the integration of sustainable building practices such as energy efficiency, EV charging, and bicycle parking. The selected developer must maximize external funding to minimize the need for City financial assistance and ensure the property remains affordable for the required duration. Proposals are due by October 30, 2026, and must be submitted electronically via the OpenGov portal. The City will utilize a points-based scoring method to evaluate firms based on qualifications, conceptual design, team experience, project timelines, and financing strategies. The successful respondent will likely enter into an Exclusive Negotiating Agreement to establish final terms regarding insurance, indemnification, and labor requirements, including compliance with prevailing wage laws. The project must adhere to the City's Housing Element goals and multifamily design guidelines, with the developer providing a detailed timeline covering all phases from due diligence through occupancy and lease-up.