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  5. ›RFP to Develop Affordable Housing at 0 Locustfield Road

Massachusetts Town of Falmouth·Massachusetts

RFP to Develop Affordable Housing at 0 Locustfield Road

Closes 2/3/2026$1M – $10MRequest for Proposal
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Description

The Town of Falmouth seeks proposals from qualified developers for the development and ongoing management of affordable housing on two contiguous Town-owned parcels of land, consisting of 2.63 acres and 3.55 acres. The purpose of this RFP is to select a developer with demonstrated experience and capacity to develop and manage a rental and homeownership housing development that best addresses the needs and goals of the Town of Falmouth. • The developer will be responsible for constructing and managing the affordable housing development. • The Town intends to convey title in fee simple, and all improvements constructed by the Developer will be the property of the Developer’s ownership entity. • The Developer shall comply with all applicable state and federal laws in performance of service and acceptance of the land from the Town. • Proposals will be accepted until 4:00 PM on February 3, 2026, in the Town Manager’s Office.

Attached files

Contact

Jed Cornock(Community Development Director)

[email protected]

Key dates

Opened
11/5/2025
Pre-bid meeting
11/19/2025
Closes
2/3/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
BD-26-1268-TNM02-TNM02-122476

Budget estimate

$1,000,000 – $10,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific budget or payment amount. However, based on the scope of the project, which involves the development and management of affordable housing on two contiguous parcels of land, the budget could be substantial. A possible estimate could be in the range of $1 million to $10 million, considering the cost of land acquisition, construction, and ongoing management. The actual budget will depend on the proposal submitted by the developer and the negotiations with the Town of Falmouth.

AI estimate from the solicitation

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