Request for Proposals for Affordable Multi-Family Rental Housing Development

Description

General work description:Through this RFP, the County of Yuba is seeking both for-profit and nonprofit housing developers to propose use of the County&rsquo;s 2020 PLHA funds and one time 2023 PIP funds as gap funding for the development of affordable multi-family rental housing that will serve residents at 60% Area Median Income (AMI) or less in unincorporated Yuba County.The highest scoring proposal will demonstrate how it will create the most impact in the County, is cost effective, project ready (completed within approximately 48 months of funding commitment), and how it will leverage additional funding from public and private sources.The awarded grant funds may be used for one or more Eligible Uses:Predevelopment, development, acquisition, rehabilitation, and preservation of multifamily rental housing that is affordable to extremely low-, very low-, low- income households (up to 60% AMI), including necessary operating subsidiesPredevelopment costs such as the purchase of land or buildings, or acquisition must result in the development, rehabilitation, and/or preservation of Affordable rental housing, as otherwise there is no actual housing outcome of the predevelopment or acquisition assistance. Priority populations for this funding include older adults, seniors, people with disabilities and families, including large families. &nbsp;<p style="margin: 0.05pt 62.65pt 8pt 85.7pt; line-height: 107%; font-size: 1