Moore Square East Redevelopment

The City of Raleigh is seeking a qualified development partner to deliver a minimum of 100 affordable housing units on a 1.8‑acre downtown site east of Moore Square. The partnership will involve a long‑term ground lease, city‑provided gap financing ($4‑8 million), and coordination with the North Carolina Housing Finance Agency (NCHFA) for LIHTC funding. The developer must have recent experience completing 4 % or 9 % LIHTC projects in Raleigh, be able to assemble complex capital stacks, and comply with local zoning (DX‑12‑UG/DX‑20‑UG) and sustainability expectations. The project timeline targets a pre‑application to NCHFA by January 2027, with a 12‑month window from award to loan closing and site control. • Minimum 100 affordable housing units (4 % LIHTC) with up to 10 % set‑aside for city referrals. • Required developer experience: at least one recent LIHTC project with CO after 1 Jan 2021 and proven use of city gap financing. • City will provide 1.8 acres of land, ground‑lease arrangement, and $4‑8 M in gap financing; additional financing to be secured by developer. • No mandatory parking minimums; encourage reduced parking and sustainable design (LEED, Energy Star, GSI). • Pre‑proposal virtual conference Oct 7 2026 (optional); written questions due Oct 9 2026. • Submission deadline Nov 12 2026 10:00 AM EST; selection expected early Dec 2026; award/City Council Jan 5 2027. • Required documents: cover letter, firm background, project examples, staff resumes, project approach, financial statements, questionnaires, and references.