Description
The City of Springfield is seeking proposals from housing developers to acquire, rehabilitate, or construct affordable rental housing primarily for occupancy by households of individuals and families that meet the definition of one or more of the HOME-ARP qualifying populations. The goal of this solicitation is to provide gap funding for acquisition of standard property, acquisition and rehabilitation of substandard property, rehabilitation of vacant substandard units a developer already owns, or construction of new units. The City expects the HOME ARP funds to be leveraged with other resources.
• The City is making available up to $1,000,000 in federal HOME ARP funds.
• Awards are subject to the requirements of the HOME Investment Partnership Program.
• The City anticipates making awards for a minimum of one and up to three projects.
• Proposers must have site control.
• Other funding sources do not need to be committed at the time of proposal submission.