Rivergate Planned Development Lot 4 RFQ

Closed State & local contract opportunity Posted

Solicitation number
2025-0027
State
Colorado
Responses due

Opportunity facts

Jurisdiction
UNSPSC codes
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Opportunity details come from bidnetdirect.com. Updated .

About this opportunity

The City of Durango, Colorado is conducting a Request for Letter of Interest and Qualifications (RFQ) to solicit developers for an affordable and workforce housing project on a 1.656-acre City-owned parcel (Lot 4) within the Rivergate Planned Development. The procurement seeks a development partner to create up to 31 housing units targeting income levels between 70% and 120% of Area Median Income (AMI), with a specific focus on 100% AMI households. Proposals are due by July 8, 2025, with potential developer interviews scheduled for the week of July 17, 2025, and a planned Notice of Intent during the week of July 28, 2025. The selected developer will be responsible for comprehensive project development, including due diligence, planning, engineering, entitlements, funding, and construction management. Evaluation criteria will include innovation, alignment with community goals, project feasibility, developer experience, and the ability to bring necessary resources to the project. The City intends to donate Lot 4 to the selected developer, contingent upon meeting specified performance milestones, and the development must align with the City's 2024 Strategic Plan for housing.

The RFQ does not explicitly specify set-aside designations for disadvantaged enterprises, but the City appears open to various development approaches, including potential Low-Income Housing Tax Credit (LIHTC) proposals targeting 50-80% AMI units. While no incumbent vendors are mentioned, the City's Prosperity Office and Community Development will sponsor the project and potentially provide support such as fee waivers. The development will require processing through Preliminary and Final Plan stages of the Planned Development review, with a potential Major Site Plan review. The Homes Fund may assist with buyer qualification for income-restricted units. Although a specific budget range is not detailed, the City is donating the land and seeking a development partner capable of executing the entire project. Phased development is permitted, with Certificates of Occupancy and unit sales potentially occurring by phase, contingent on infrastructure completion and City approvals. The project emphasizes creating attainable housing to address local workforce housing needs, with flexibility for developers to propose innovative solutions that meet the City's strategic housing objectives.

Opportunity text

The City of Durango, Colorado, by and through its Purchasing Manager, is accepting responses to this Request for Letter of Interest and Qualifications (RFQ) from qualified individuals or firms for the potential development of affordable and workforce housing on a City-owned parcel located between Rivergate Lane, Rivergate Place, and Sawmill Road (APN 566732106004).

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