NOA- Surplus Land Sale and Affordable Housing Development

The San Joaquin County is inviting qualified low-income housing developers to submit offers to purchase and develop or lease and develop approximately four acres of county-owned surplus land adjacent to Gianone Park in Stockton, California. The county seeks offers that deliver deed-restricted affordable housing consistent with local and state housing goals. The developer will be responsible for due diligence, planning, design, financing, construction, and long-term covenant compliance. The project will involve the construction of affordable housing units, with at least 75% of the units restricted to lower-income households. The developer will also be required to record and comply with the county's affordability covenant. • The project site is an approximately four-acre undeveloped county-owned parcel adjacent to Gianone Park in Stockton, CA. • The county's objective is to sell or lease the site to a qualified developer to construct affordable housing. • The developer shall be responsible for due diligence, planning/entitlements, design, financing, construction, lease-up or sales, and long-term covenant compliance. • The county may consider proposals including low-income housing tax credits, state HCD programs, and/or other public/private financing sources. • The developer will be required to prepare and implement a financing plan sufficient to achieve the affordability requirements.