Attachment_A-_Request_for_Proposal_Application.docx

Attachment A is a Request for Proposal (RFP) issued by Volusia County, Florida, soliciting proposals from non-profit organizations to develop affordable housing on county-owned land. The county seeks to donate land with the requirement that the selected developer construct new housing units and provide documentation of occupancy within 48 months of executing a written agreement. The project aims to create affordable housing units for households at or below 120% of the area median income (AMI), with a minimum of 51% of units dedicated to households at or below 80% AMI.

The affordable housing development is subject to specific financial and occupancy restrictions, including rent and sales price limits based on Florida Housing Finance Corporation (FHFC) State Housing Initiative Program (SHIP) guidelines. Selected developers must comply with state and local building codes, obtain necessary permits, and adhere to a 50-year affordability period with ongoing income and rent restrictions. The county encourages energy-efficient construction methods and will require periodic reporting on the development's timeline and status. Eligible households include those with Section 8 assistance, and purchase or rental requirements include specific front-end and back-end debt ratio limitations to ensure financial feasibility for low and moderate-income residents.