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County of San Mateo·California

Request for Proposals for Development of 710 Hamilton St. Redwood City, CA

Closes in 4 days$2M – $5MRequest for Proposal
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Description

The County of San Mateo’s Department of Housing is soliciting qualified developer teams to design, build, and operate a mixed‑income affordable‑housing project on a 20,500‑sq‑ft county‑owned parcel at 710 Hamilton St., Redwood City. The County will retain land ownership and will contribute up to 80 % of development costs, seeking a long‑term ground lease with the selected developer who will secure construction financing, construct the project, and manage the property for a five‑year term. Proposals must demonstrate experience with affordable, deed‑restricted housing, financing structures, and public‑employee preference programs. The RFP includes a non‑mandatory pre‑proposal webinar, a question deadline, and a firm submission deadline of 4 PM on November 6, 2026. Evaluation will consider project concept, site design, financing approach, county investment return, resident needs, outreach, marketing, and developer capacity. • Location: 710 Hamilton St., Redwood City, CA (≈20,500 sf) • Scope: Design, construction, financing, operation of low‑, moderate‑ and middle‑income units with a public‑employee preference • County contribution: Up to 80 % of total development costs; pre‑development loan up to $250,000 • Contract term: 5 years under a ground‑lease arrangement • Key dates: RFP release 9/3/26, pre‑proposal meeting 9/17/26, questions due 9/25/26, proposal due 11/6/26, award 1/26/27 • Required qualifications: Proven affordable‑housing delivery, financial capacity, experience with public‑sector employee housing, property management capability • Evaluation criteria: Concept, design, cost‑effectiveness, financing, county investment return, resident needs, outreach, marketing, developer/team experience.

Attached files

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

Contact

Douglas Frederick(Contract Administrator II)

[email protected]

(650) 561-5069

Key dates

Opened
9/3/2026
Questions due
9/25/2026
Pre-bid meeting
9/17/2026
Closes
11/6/2026
Projected award
1/26/2027
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
236220
Solicitation №
2027-RFP-00078

Budget estimate

$2,000,000 – $5,000,000

The County expects to fund up to 80 % of the total development cost. Assuming a typical mixed‑income affordable‑housing project of ~30‑40 units on a 20,500 sf site, total development costs could range from $30 M to $45 M. The developer’s equity share (≈20 %) would be $6 M‑$9 M, and a reasonable developer profit margin on such projects is 8‑12 % of total cost, yielding an expected earnings range of roughly $2.4 M‑$5.4 M. Factors influencing the budget include final unit count, financing terms, construction cost overruns, and the agreed‑upon lease‑rate structure.

AI estimate from the solicitation

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