Call for NC Housing Tax Credit Developers

The City of Greenville's Neighborhood and Business Services Department is soliciting proposals for NC Housing Tax Credit Developers through RFP #24-25-36, seeking qualified developers to construct affordable rental housing units using HOME-ARP funding. The primary objective is to create housing for qualifying populations, including those who are homeless, at risk of homelessness, or other vulnerable groups. Developers must propose projects that restrict 70% of units for qualifying households and up to 30% for low-income households, with a mandatory completion date of December 31, 2026. Evaluation criteria will comprehensively assess developer submissions across seven key areas: developer experience (15 points), financial feasibility (15 points), site development (15 points), preliminary design (15 points), proximity to community features (20 points), supportive services (10 points), and project readiness (10 points). Critical dates include a question deadline of March 13, 2025, proposal submissions due March 20, 2025 at 9:00 am EST, developer presentations to the Affordable Housing Loan Committee on April 9, 2025, and City Council approval targeted for April 10, 2025.

The procurement establishes specific participation goals for Minority Business Enterprises (MBE) at 10% and Women Business Enterprises (WBE) at 6%, with mandatory compliance with federal labor standards including Davis-Bacon Act wage requirements. The City has allocated $715,000 in HOME-ARP funds for this initiative, with a minimum project compliance period of 15 years. Developers must submit full applications to the NC Housing Finance Agency by May 9, 2025, with award notifications expected in August. Projects must adhere to specific federal regulations and demonstrate the ability to integrate supportive services for target populations. Potential respondents should have substantial experience in affordable housing development, strong financial capabilities, and the capacity to complete complex affordable housing projects within the specified timeline and budgetary constraints.