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  5. ›Oracle Choice Neighborhoods Co-Developer

Awarded contract·City of Tucson·Arizona

Oracle Choice Neighborhoods Co-Developer

Won by Gorman & Company, LLC$66MSingle Award
Contract source

Awarded vendors

  • Gorman & Company, LLC

Description

The City of Tucson is seeking a co-developer to work on the Oracle Choice Neighborhoods project, which aims to revitalize the Tucson House public housing site and surrounding neighborhood. The co-developer will be responsible for preparing a Choice Neighborhoods Implementation Grant application and implementing the grant if awarded. The project involves a comprehensive approach to neighborhood transformation, including housing, people, and neighborhood components. The co-developer will work with the City and other stakeholders to develop a Transformation Plan and implement the housing component of the plan. • The co-developer will be responsible for developing a preliminary funding and financing plan, consulting on the final housing components of the Transformation Plan, and evaluating the findings of a market study. • The co-developer will also be responsible for advising the City on property acquisition and site assemblage opportunities, working with the City and Planning Grant Partners to align redevelopment plans, and participating in community and resident meetings. • The project involves a significant amount of funding, including potential sources such as HUD Choice Neighborhoods Funding, Low-Income Housing Tax Credits, and private debt. • The co-developer will be required to comply with various regulations and requirements, including the Tucson Procurement Code and HUD regulations.

Attached files

Key dates

Starts
9/9/2021
Ends
9/8/2023
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531110
Solicitation №
212705 - 01

Contract value

$66,000,000

The contract value is estimated to be around $66 million, based on the projected costs for the redevelopment of the Tucson House. The City has also committed $250,000 towards the costs of capital improvements for a healthcare clinic. Additionally, the contract includes a budget of $250,000 for Phase I costs.

AI estimate from the award documents

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