Mailbox Only - Notice of Funding Availability for Downtown & Chinatown Housing Development Multi-Family New Construction Substantial Rehabilitation

The City of Fresno is soliciting applications from qualified firms for the new construction or substantial rehabilitation of multifamily housing in the Downtown and Chinatown areas. The selected developer will be required to perform all aspects of development, including property acquisition, entitlement, environmental clearance, financing, and construction. The City is proposing to provide funding through various programs, including a Revolving Loan Fund (RLF) of up to $20,000,000. The maximum loan per project is $8 million. The application selection will be based on a point system, with a total of 100 possible points. The project must be consistent with the City's housing goals and objectives, and the developer must demonstrate experience and capacity to develop the proposed project. • The project must be located in the Downtown and Chinatown areas of Fresno. • The developer must have site control or be in written negotiations with the property owner. • The project must be consistent with the City's housing goals and objectives. • The developer must demonstrate experience and capacity to develop the proposed project. • The project must be financially viable and have a viable financing structure. • The developer must provide a detailed description of the proposed project, including the number of units, unit size, and amenities. • The developer must provide a detailed project schedule, including milestones and timelines. • The developer must provide information on the project's consistency with federal, state, and local funding requirements.