1015-1045 N. Lake Avenue Housing Development Opportunity

The City of Pasadena and Planned Parenthood Pasadena and San Gabriel Valley are seeking proposals for a multifamily housing project on their adjoining properties located at 1015-1045 N. Lake Avenue. The project should yield at least 90 dwelling units, with 100% of the units restricted for households earning at or below 120% of the area median income. The selected proposer will be required to enter into a ground lease with the City for a minimum of 55 years. The proposal should include a technical proposal, price proposal, and other required documents. • The project should include affordable housing units • The proposer should have experience in developing multifamily housing projects • The proposal should include a detailed breakdown of fees and costs • The proposer should be able to demonstrate their understanding of the scope of work and the effort needed to complete the project • The proposal should include a proposed work schedule and timeline