RFP 24-36 Housing Needs Assessment and Financial Feasibility Analysis 2024

The state of Massachusetts, through the City of Somerville in Middlesex County, is seeking proposals for a Housing Needs Assessment and Financial Feasibility Analysis in 2024. The successful bidder will be responsible for conducting a comprehensive study to evaluate the current and future housing needs within the City of Somerville, as well as analyzing the financial feasibility of potential housing development projects. Key deliverables include an assessment of housing supply and demand, identification of target populations and their needs, and a financial analysis of viable development scenarios. The desired outcome is to provide the City with actionable data and recommendations to support informed decision-making and strategic planning for the local housing market. Proposals are due by April 10, 2024, and interested parties can obtain the bid documents by visiting www.somervillema.gov/procurement.

The procurement does not specify any set-aside designations or restrictions on the types of organizations that can respond. However, the City of Somerville may have a preference for local or regional firms with demonstrated expertise in housing market analysis and financial feasibility assessments. The budget range for this contract is not disclosed, and there is no information provided regarding any incumbent vendors or existing infrastructure that would require integration.