Development - Affordable Housing - Lot # 2497-005-005
Closed State & local contract opportunity
- Solicitation number
- ITN# GRM/250247
- State
- Florida
- Responses due
Opportunity facts
- Jurisdictions
- NIGP codes
- Point of contact
-
- David Williams dwilliams@ocalafl.gov (352) 629-8350
Updated .
About this opportunity
The City of Ocala has issued an Invitation to Negotiate (ITN# GRM/250247) for an affordable housing development project targeting a specific lot (2497-005-005) in Marion County, Florida. The procurement seeks qualified for-profit and non-profit developers, builders, partnerships, and agencies to construct affordable residential units that will benefit households up to 120% of Area Median Income. Proposers must develop either multi-family or single-family units for rent or homeownership, with a minimum requirement of constructing a single-family home of at least 900 gross square feet, including 2 bedrooms and 2 bathrooms. Evaluation criteria include development team experience (20 points), development concept and project design (30 points), financing plan (20 points), and development schedule (30 points). The solicitation was issued on December 11, 2024, with questions due by January 30, 2024, and proposal submissions required by February 12, 2025. Developers must initiate construction within six months of closing and complete construction with a certificate of occupancy within 18 months, with the City reserving the right to revert property title if these milestones are not met.
The opportunity is open to both for-profit and non-profit developers, with no specific set-aside designations for disadvantaged enterprises mentioned in the documentation. Developers must demonstrate proven experience, financial resources, and professional expertise in developing affordable housing. The financial framework includes potential incentives such as a City Land Value Incentive based on the Marion County Property Appraiser's assessed value and a Housing Incentive Fund with a maximum of $20,000. The property's current assessed value is $20,000, with developers required to have a total development cost of no less than $100,000 and an equity investment of at least $223,878. A Financial Review Committee, comprised of at least three professionals selected by the Ocala/Marion County Chamber of Commerce, will conduct a comprehensive review of the developer's financial capabilities. The City will negotiate with the highest-ranked proposer to reach a development agreement, with the potential to move to the next-ranked proposer if initial negotiations are unsuccessful.
Opportunity text
ITN# GRM/250247 Development - Affordable Housing - Lot # 2497-005-005 1.1. INTRODUCTION AND PROJECT OVERVIEW The City of Ocala ("City"), through this Invitation to Negotiate ("ITN"), seeks proposals from interested and qualified for-profit and non-profit developers, builders, partnerships and/or agencies interested in constructing affordable and safe residential units designed to meet City Council's goal of increasing the availability of affordable housing for ownership and rent in Ocala, Florida, and contribute to neighborhood stabilization efforts. The constructed housing units may be multi-family units or single-family units for rent or homeownership in accordance with the parcel's current zoning designation. The housing type(s) offered must benefit households up to 120% of Area Median Income as defined by the United States Department of Housing and Urban Development. In order to be eligible for consideration, prospective developers, builders, partnerships and/or agencies must meet the minimum qualifications set forth in this ITN and demonstrate proven experience, financial resources, and professional expertise to develop, market, and rent and/or sell quality, affordably priced, residential units. The City reserves the right to request additional information or require execution of additional documentation as may be reasonably necessary to determine the financing of construction of the developed units. The City's Selection Committee shall review all proposals, conduct interviews, and recommend one or more proposals to City Council based on the evaluation criteria set forth herein. City Council may accept any proposal that it deems to serve the public interest and reserves the right to reject any or all proposals. The transfer of title to the property shall not occur until all of the terms of the sale are complete. Language shall be included in the deed document to allow title to revert to the City in the event that construction is not initiated within six (6) months of closing and any deposit or other funds paid by developer shall be forfeited to the City. Construction must be completed and a certificate of occupancy issued for the completed units no later than eighteen months (18 months) from the date of closing. City staff shall schedule and monitor progress meetings to ensure construction is complete in accordance with the Development Agreement. Proposers are encouraged to communicate any questions regarding this ITN by the deadline set forth for questions herein. All questions should be sent in writing via e-mail to the Buyer Contact identified. Questions and answers will be communicated to all proposers by issuing an addendum posted to www.bidocala.com.
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