Home investment partnership program (home arpa & home chdo)

The Lynn Housing Authority & Neighborhood Development (LHAND) is soliciting sealed proposals for the HOME Investment Partnership Program, targeting affordable rental housing development in Essex County, specifically focusing on Lowell City, Massachusetts. This procurement opportunity invites organizations and developers to create rental housing units designated for homeless individuals and families through HOME ARPA and HOME CHDO funding mechanisms. Eligible project activities include acquisition, construction, and rehabilitation of residential properties, with comprehensive scopes of work and contract terms detailed in the proposal package prepared by LHAND. The procurement is currently open, with proposals being accepted from November 5, 2024, until the submission deadline of November 25, 2024. Prospective respondents must carefully review the complete proposal documentation to understand the specific requirements, deliverables, and evaluation criteria for potential housing development projects.

While specific set-aside designations are not explicitly outlined in the provided information, the opportunity appears designed to support affordable housing development for vulnerable populations, particularly homeless individuals and families. Organizations interested in responding should demonstrate expertise in housing development, financial capacity, and a proven track record of creating sustainable affordable housing solutions. The funding source suggests potential prioritization of community development corporations (CDHOs) and organizations with direct experience in homeless housing initiatives. Although exact award values are not specified, HOME Investment Partnership Program funds typically range from $50,000 to $500,000 per project, depending on scope and community needs. Respondents will likely need to provide detailed project plans, financial pro formas, and evidence of their ability to successfully execute affordable housing developments in the Essex County region.