Description
The City of Fresno is seeking qualified developers to design, finance, and construct new‑construction or substantial‑rehabilitation multifamily housing projects in the downtown and Chinatown districts. The City will provide gap‑financing through a revolving loan fund (up to $20 M total, $8 M per project) on a 60‑month term at an interest rate of 4.81 %. Applicants must be “shovel‑ready,” possess site control or be in advanced negotiations, and be able to meet all development phases from acquisition through completion, including entitlement, environmental compliance, construction, and post‑construction financing.
• Full‑service development responsibility (acquisition, entitlement, design, construction, financing).
• Maximum loan per project: $8 M; total fund available ≈ $20 M.
• Must submit a complete electronic application by 1:00 PM PST on 14 April 2026.
• Required documentation includes detailed budgets, cash‑flow analyses, insurance certificates, performance/payment bonds (or standby LC) equal to 100 % of construction cost, and CEQA compliance.
• Projects must start construction within 1 year of award and be completed within 3 years.
Attached files
The solicitation documents live at the source — open the bid source above to download them.