Description
This solicitation seeks qualified firms to develop, construct, rehabilitate, or preserve affordable rental housing in Benton County using up to $2.4 M of ERA2 grant funds. Proposals must detail project design, financing, management plans, and compliance with affordability covenants, tenant‑protection requirements, and federal ERA2 guidelines. The County encourages participation from small, minority‑, and women‑owned businesses and requires extensive documentation, including risk questionnaires, financial statements, SAM.gov registration, and multiple hard‑copy/e‑copy submissions. Evaluation will focus on the number and type of units served, demographic impact, and project timeline.
• Scope: Construction/rehabilitation/preservation of affordable rental units serving households ≤ 50 % AMI, with a minimum 20‑year affordability covenant.
• Funding: Up to $2,400,000 from Benton County ERA2 grant; additional “other sources” may be included.
• Deliverables: Detailed budget separating capital and operating costs, compliance documentation, and five hard‑copy plus one electronic copy of the proposal.
• Timeline: Issue 5/14/23 → Q&A due 6/6/23 → Bid deadline 6/7/23 → Evaluation 6/8‑9/23 → Presentations 6/13/23 → Award window 6/14‑29/23 → Project start 6/29/23 → Close‑out 12/31/25.