Purchase/Disposal of Surplus Real Estate for the Development of Affordable Housing in the Michael C Blake Subdivision

Closed State & local contract opportunity

Solicitation number
P-25-02-COC
State
Florida
Responses due

Opportunity facts

Jurisdiction
Points of contact

Updated .

About this opportunity

The City of Cocoa is procuring a comprehensive affordable housing development project through Request for Proposal (RFP) P-25-02-COC, targeting the Michael C. Blake Subdivision within the Diamond Square Community Redevelopment Area. The procurement seeks an experienced developer to purchase and develop seventeen (17) parcels totaling 2.83 acres for affordable single-family housing construction. Specific project requirements include constructing homes with a minimum of 1,200 square feet, maintaining a maximum HUD sales price of $273,000, and targeting households earning between 30% to 120% of Brevard County's Area Median Income. Evaluation criteria will assess four key components: Professional Abilities/Experience (20%), Development Concept and Project Design (30%), Financing Plan (20%), and Development Schedule (30%). The proposal submission deadline was October 25, 2024, at 3:00 PM, with an original pre-proposal meeting scheduled for October 8, 2024 (which was cancelled due to Hurricane Milton). Lennar Homes, LLC was the sole respondent, and the Evaluation Committee recommended City Council authorization for negotiating a Project Agreement.

The procurement does not specify explicit set-aside designations or restrictions for disadvantaged enterprises. Lennar Homes, LLC has been selected as the recommended developer, with a proposed plan to purchase 17 lots and construct 15 homes targeting city employees, teachers, public safety workers, and nurses. The City will offer various incentives to facilitate the project, including regulatory approval assistance, streetscape improvements, and permit and impact fee waivers. Developers are required to provide a $15,000 security bond and complete all homes within 12-16 months of site plan approval. While a specific contract value is not explicitly stated, the project involves property transfer and development with homes priced under $273,000. The City intends to use any funds received from the project for future affordable housing initiatives, indicating a broader strategic approach to community development in the Diamond Square area.

Opportunity text

The City of Cocoa owns multiple parcels located within the Diamond Square Community Redevelopment Area, and seeks to redevelop the parcels as a vibrant, active, dynamic keystone development that will further the City's and Community Redevelopment Agency's goals and objectives. The City may negotiate with the selected proposer for the purchase, lease, or other transfer of the subject property for purposes of constructing an affordable housing project.

Files

File Type Posted
P-25-02-COC_Notification_of_Selection.pdf PDF
Board_Approval.pdf PDF
Proposal_Opening.pdf PDF
Pre-Proposal_Meeting_Cancellation.pdf PDF
P-25-02-COC_Pre-Bid_Meeting_Announcement.pdf PDF
P-25-02-COC_RFP.pdf PDF

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