406 South 8th Avenue Housing Project

The Town of Frisco, Colorado is seeking competitive proposals for the 406 South 8th Avenue Housing Project, a workforce housing development located in Teller County. The Request for Proposal (RFP) targets qualified development teams to design, engineer, construct, and operationalize 10-20 one- and two-bedroom rental units on a 0.54-acre site. The project aims to create affordable housing with the Town retaining approximately 50% of units for municipal employee housing, while the remaining units may be offered for sale or rent. Key deliverables include a comprehensive development plan, pro forma business strategy, and a vision that emphasizes innovative design, creative financing, and sustainability. Proposals will be evaluated based on developer experience, financial capability, project aesthetics, innovative delivery methods, long-term affordability, and alignment with the Town's sustainability objectives. The RFP requires detailed submissions including a business plan, financing tools, land management approach, and grant management experience. Critical deadlines include proposal submissions due by 11:00am MST on August 12th, 2024, with virtual interviews scheduled for the week of August 19-24, 2024.

The procurement appears open to diverse development teams without explicit set-aside designations for disadvantaged enterprises. Funding for the project is derived from voter-approved sales tax and impact fees from Measure 5A, with the Town anticipating the use of a local management company for employee housing units. The project encourages flexibility in development approach, potentially allowing for a Planned Unit Development (PUD) with up to three stories, matching adjacent developments. While specific budget ranges are not explicitly stated, the project is part of the Town's broader Strategic Housing Plan and will incorporate sustainability considerations, including anticipated adoption of the 2024 International Building Code and a Renewable Energy Mitigation Program. The Town will maintain control of 50% of the developed units, with a preference for non-Town employee units to be listed for sale, potentially including market-rate units with light deed restrictions. Proposers should demonstrate comprehensive experience in affordable housing development, urban planning, and sustainable construction methodologies.