RFP- Property Management Services NOFA- Notice to Low Income Housing Tax Credit (LIHTC) Developers Letters of Interest (LOI)
The announcements below represent various funding opportunities available with City of Raleigh Housing and Neighborhoods department. All RFQs, RFPs and NOFAs are sent out via email notice as well. If you would like to receive these notifications, visit the MyRaleigh Subscriptions page to sign up to receive notifications from Community Development News.
RFP- Property Management Services
The City of Raleigh is advertising a request for proposals for a Property Management Services.
The City of Raleigh is seeking a firm that is able to manage, lease, operate, and maintain the affordable housing (scattered-site) inventory owned by the City of Raleigh.
Proposals Due: Oct. 9 at 2 p.m.
The RFP is available below:
If you have questions concerning the RFP, contact Hillary Leacock via email at Hillary.Leacock@Raleighnc.gov.
NOFA- Notice to Low Income Housing Tax Credit (LIHTC) Developers
Notice to Low Income Housing Tax Credit (LIHTC) Developers
The City of Raleigh is seeking to increase the supply of affordable rental housing for its low to moderate income residents. To help achieve that objective, funds are available on a competitive basis in the form of gap financing for both 9% tax credit and 4% tax credit projects. Proposed projects must comply with the City’s Affordable Housing Location Policy.
For proposed projects that are located in an area of concentration but meet the policy exception for proximity to transit, developers are encouraged to consider the inclusion of market rate units, within the parameters of the Qualified Allocation Plan (QAP). Developers are encouraged to consult with City staff and NCHFA staff prior to application submittal to ensure that the project is structured in compliance with the QAP.
In some instances, assistance may be available from the City to write down site acquisition costs in priority locations. Given funding limitations, prospective developers are encouraged to consult with City staff prior to application submittal.
Applications requesting assistance from the City for 4% projects will be due by October 1, 2020 to coincide with NCHFA’s application deadline. Applications for 9% projects will be accepted again in January 2021 with the specific due date to be announced later by NCHFA. Application guidelines and instructions are set forth within the Request for Proposals which will be available upon request following the issuance of the final QAP.
Questions or comments regarding this notice should be directed to Aimee Holtsclaw – 919-996-6948