ITN_GRM260331_Development_-_Affordable_Housing_-_Lot__2220-005-003_-_Exhibit_B-_Parcel_Identification_Information.pdf

This is a Parcel Identification Information exhibit for an Invitation to Negotiate (ITN# GRM/260331) issued by the City of Ocala, Florida, for the development of affordable housing on Lot # 2220-005-003. The City seeks qualified for-profit and non-profit developers, builders, partnerships, and agencies to construct affordable residential units targeting households earning up to 120% of Area Median Income. Proposers must develop either multi-family or single-family units for rent or homeownership, with a minimum of 900 square feet of livable area, at least two bedrooms and bathrooms, and compliance with specific design guidelines including concrete block construction, architectural shingles, and energy-efficient systems. The parcel consists of 0.17 acres zoned Single Family Residential (R-1A). The deadline for submission questions is February 17, 2026, at 5:00 p.m. EST, and proposal submissions are due March 2, 2026, at 2:00 p.m. EST through the City's e-procurement portal. Construction must commence within six months of closing and be completed within eighteen months.

Evaluation will be weighted across Experience and Capacity of Development Team (20 points), Development Concept and Project Design (30 points), Financing Plan (20 points), and Development Schedule (30 points). The City will convey the property via special warranty deed for a nominal purchase price of $7,000, with a fair market value donation estimated at $34,174, and a $1,000 security deposit applied to the purchase price. Developers must demonstrate a minimum equity investment of $223,878 and total development costs of at least $100,000. Potential City incentives include a Housing Incentive Fund Request up to $20,000 and possible fee waivers or deferrals for building permits and impact fees. The desired minimum affordability period is twenty years for both rental and for-sale units. Developers must possess a minimum of three years of housing development experience and demonstrate completion of at least three separate housing projects.