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  5. ›East End Housing Development Program (EEHDP) - Rolling RFP

Urban Redevelopment Authority of Pittsburgh·Pennsylvania

East End Housing Development Program (EEHDP) - Rolling RFP

Rolling / TBD close$100k – $500kRequest for Proposal
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Description

The East End Housing Development Program (EEHDP) is a rolling RFP that seeks proposals from developers for the creation and/or preservation of affordable rental and for-sale housing units within the East Liberty TRID boundary. The program provides a flexible source of funding to non-profit and for-profit development partnerships for the creation of affordable units. Priority will be given to projects that bring quality affordable units to market quickly and accommodate replacement housing for families with children and/or households with a member that is disabled. • The program has specific guidelines and requirements, including eligibility criteria for borrowers and projects, funding terms and limits, and administrative fees. • The program encourages minority and women-owned business enterprise participation and requires a good faith effort to obtain MWBE participation in work performed in connection with the program. • Applications will be evaluated based on criteria such as readiness to proceed, capacity of the development team, cost reasonableness, and compliance with EEHDP funding guidelines. • The URA reserves the right to verify the accuracy of all information submitted and to reject any response that does not satisfy the URA that the applicant is qualified to carry out properly the obligations of the response.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

[email protected]

Key dates

Opened
1/6/2021
Pre-bid meeting
1/22/2021
Closes
Rolling / TBD

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
001

Budget estimate

$100,000 – $500,000

The budget for this opportunity can vary depending on the specific project and the amount of funding requested. However, based on the program guidelines, the maximum loan amount for new and existing rental projects can be up to $30,000 per affordable dwelling unit, up to 50% of the total development cost, or up to $500,000, whichever is less. For for-sale development projects, the maximum loan and/or grant amount can be up to $70,000 per affordable unit or up to $250,000 per project, whichever is less. Considering these limits, a rough estimate for the budget could be between $100,000 to $500,000, depending on the project scope and the number of affordable units. However, this is a rough estimate and the actual budget can vary based on the specific project and the evaluation criteria.

AI estimate from the solicitation

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