This Solicitation opportunity from California was posted on May 16, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Transit Village Affordable Rental Housing Development
Contract Overview
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The City of Palmdale is inviting qualified developers to submit proposals for the development of affordable rental apartment units on two parcels totaling approximately 6.43 acres at the intersection of 4th Street East and East Avenue Q. The parcels, owned by the Palmdale Housing Authority, will be leased through a long-term ground lease of at least 55 years to facilitate the project. The development aims to provide affordable housing for households earning up to 60 to 80 percent of the area median income, aligning with the requirements of the Infill Infrastructure Grant and Surplus Land Act. The project emphasizes high-quality design, development, financing, construction, ownership, and management, with the City of Palmdale expected to contribute funding through federal and local sources as gap financing. Proposals should seek to minimize the financial assistance needed from the City while ensuring successful project completion. The solicitation, titled "Transit Village Affordable Rental Housing Development," was posted on May 16, 2024, with a response deadline of July 3, 2024. The project size ranges from a minimum of five million dollars to a maximum of twenty million dollars, and interested developers can contact Matthew Harris via email or phone for further information. The City encourages innovative proposals that balance quality development with financial feasibility, aiming to create sustainable, affordable housing options within the community.
General Info
Place of Performance
CA, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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