2326 Mass Ave RFP Development Opportunity

The Cambridge Redevelopment Authority (CRA) has issued a Request for Proposals (RFP) for a development opportunity at 2326 Mass Ave in Cambridge, Massachusetts. The procurement seeks an experienced housing developer to purchase and develop a mixed-income condominium building with a minimum of 8 residential units. The CRA will provide a loan covering 80% of the total development costs, making this an attractive opportunity for qualified developers. The RFP requires a comprehensive proposal demonstrating the developer's capacity to create a high-quality, mixed-income residential project that meets the community's housing needs. Proposals must be submitted by January 15, 2026, at 4:00 p.m., with full details available on the CRA's website at cambridgeredevelopment.org/jobs-contracting. Evaluation criteria are likely to include the developer's experience, financial capability, proposed design, affordability mix, and overall project feasibility.

While specific set-aside designations are not explicitly mentioned in the provided information, the mixed-income requirement suggests a preference for developers who can create housing accessible to various income levels. The project is located in Middlesex County, specifically in Cambridge City, which may have local economic development goals or preferences for local or minority-owned businesses. The CRA's willingness to finance 80% of the total development costs indicates a significant public investment in the project, potentially opening opportunities for developers with strong community development track records. The total project budget and exact award value are not specified, but the loan coverage and unit requirements suggest a substantial development opportunity. Interested developers should carefully review the full RFP to understand all requirements, submission guidelines, and potential evaluation criteria for this mixed-income housing development project.