Untitled Opportunity

PROCUREMENT OVERVIEW

The City of Fresno is seeking applications from housing development organizations to construct multifamily affordable rental housing. The project aims to provide housing for households with average incomes of up to 80% of the Area Median Income (AMI). The selected developer will be responsible for all aspects of the development process, including property acquisition, entitlement, environmental clearance, financing, and construction. The City is offering $3,934,505 in funding from its Local Housing Trust Fund as gap financing for the project, which will carry a 55-year affordability covenant.

ISSUING ORGANIZATION

• Organization: City of Fresno
• Location: Fresno, California, US
• Primary Contact: Mayra Merino
• Email: [email protected]

CONTRACT DETAILS

• Contract Type: Lump Sum
• Estimated Contract Value: $3,934,505
• Option Years: None mentioned

MANDATORY REQUIREMENTS

• Eligibility: Applications must be submitted electronically, including a cover letter, application, and supporting documents.
• Submission Deadline: Applications must be received by the due date; late submissions will not be considered.
• Confirmation of Submission: Applicants must receive a confirmation email within one business day of submission.
• No Bid Bond or Performance Bond required.
• Geographic Restrictions: Projects must be located within Fresno, California.

TECHNICAL CAPABILITIES

• Required Expertise: Experience in multifamily housing development, including financing, construction, and compliance with affordable housing regulations.
• Methodologies: Familiarity with environmental clearance processes and entitlement procedures.

EVALUATION CRITERIA

Proposals will be evaluated based on criteria such as:

• Technical Approach: The feasibility and innovation of the proposed development plan.
• Past Performance: Experience with similar projects and successful outcomes.
• Price: Cost-effectiveness of the proposed solution.
• Best-Value Evaluation: The City reserves the right to select the proposal that offers the best overall value.

PREFERRED QUALIFICATIONS

• Experience: Previous experience in developing affordable housing projects.
• Certifications: Preferred certifications in housing development or project management may enhance competitiveness.
• Community Engagement: Demonstrated ability to engage with the community and stakeholders effectively.

This summary provides a comprehensive overview of the opportunity for potential bidders to assess their fit for the project.