Affordable Housing Development and Owner-Occupied Rehabilitation

The County of Shasta is seeking proposals from qualified affordable housing developers to develop and preserve affordable rental and ownership housing, including Accessory Dwelling Units (ADUs), using Permanent Local Housing Allocation (PLHA) funds. The proposed projects should serve households earning up to 120% of the Area Median Income (AMI) and must be located within the County of Shasta, outside of the City of Redding limits. The selected developer will be required to secure a minimum of 40% of estimated construction costs with other funding and complete Environmental Reviews within 12 months of the application. • The County has $1,000,000 in PLHA funds available for project Activity 2 Predevelopment. • The proposed projects should predominately serve residents earning 80 to 120 percent of AMI. • The County will enter into a Contract with the selected Responder, which will include a low-interest, deferred loan and a Regulatory Agreement to restrict occupancy and rents for an affordability period of at least 55 years. • The selected developer will be required to provide monthly, quarterly, and yearly reports, as well as long-term monitoring for the duration of the affordability period.