Terms_and_Conditions.pdf

This Terms and Conditions document pertains to the City of Tampa's HOME-American Rescue Plan-II (HOME-ARP II) program, which seeks qualified developers to supply, develop, operate, and manage affordable rental housing for qualifying populations. The initiative targets non-profit and for-profit developers capable of acquiring, rehabilitating, and/or constructing rental housing developments specifically for people experiencing homelessness and other eligible populations. Award funds will be provided through below-market interest rate loans to support acquisition, rehabilitation, construction, and related operations and management costs for HOME-ARP II rental housing projects.

The funding is sourced from HOME-ARP II federal grant resources administered by the City of Tampa. Proposers must demonstrate substantial experience and capacity in developing and managing affordable housing for vulnerable populations, including those experiencing homelessness. The program emphasizes below-market financing mechanisms to enhance affordability and sustainability of housing developments. Qualified applicants should be prepared to submit comprehensive proposals detailing their development experience, project feasibility, operational management capabilities, and financial qualifications to successfully compete for available funding awards.