VHFC Pine Street Redevelopment Project

The City of Victoria, Texas is soliciting proposals through the Victoria Housing Finance Corporation (VHFC) for a qualified development partner to plan, finance, construct, and operate single-family workforce housing on approximately 3.38 acres at the former Water Treatment Plant (southeast corner of Pine and Levi Streets), with responses due October 26, 2026 at 2:00 PM CST. This is a Request for Qualifications (RFQ) identifying capable partners for a potential competitive procurement process, with target contract approval by November 17, 2026.

The scope calls for subdivision into approximately 20 single-family detached homes ranging from 1,100 to 1,250 square feet (3 bedrooms, 2 bathrooms, covered parking and storage), targeted to workforce and low-to-moderate income households. Target homeowner sale prices are $150,000 to $185,000 maximum. The developer must demonstrate how construction costs, financing, and potential subsidy requests will achieve affordability targets while prioritizing households up to 120 percent area median income (AMI), with 90 percent of benefited households required to be below AMI. The developer must layer Community Development Block Grant (CDBG) mortgage assistance for lower-AMI households and construct full site infrastructure including subdivision roads, sidewalks, water, sewer, and storm utilities to City standards.

Respondents are evaluated on experience and qualifications (35 percent), financial capacity (20 percent), project approach and innovation (20 percent), team composition (20 percent), and community and economic benefits (5 percent). The site has completed Phase I and Phase II environmental assessments with no significant impacts identified, is platted into a single lot with clear title, and is located in a proposed Opportunity Zone with final designation expected by January 1, 2027. Respondents must be licensed in Texas and submit required certifications, insurance documentation, and financial statements. A non-mandatory site visit is scheduled for October 6, 2026 at 11:00 AM CST at 702 N. Main Street, Conference Room 205, Victoria, Texas.