Disposition of City-Owned Vacant Lots for Affordable Housing

The City of Raleigh is seeking input from potential developers on strategies to develop City-owned vacant lots for affordable homeownership and/or rental housing. The lots are located in various areas of the city and range in size from 0.01 to 0.37 acres. The City is looking for information on how to develop these lots, including proposed number of units, unit mix, target area median income (AMI) level, and intended use. The City also wants to know if the organization would seek to purchase the lot(s) or enter a long-term ground lease, and if so, what the price would be and what the project cost would be to develop. The City is looking for responses that provide a clear and concise description of the respondent's capabilities to satisfy the requirements of the RFI. Some of the key points that the City is looking for include: • Proposed development plans for the lots, including unit count and mix • Target AMI level and intended use of the developed properties • Pricing and justification for fee-simple sale or long-term ground lease • Project cost and gap financing needs • Estimated timeline for purchase/lease and development • Compliance with current zoning regulations • Interest in other City-owned lots not listed for affordable housing development