TO: CRA Board of Commissioners
FROM: Renée A. Jadusingh, CRA Assistant Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: December 11, 2018
Title
DISCUSSION - CARVER ISLE WORKFORCE HOUSING CONSTRUCTION - PROCUREMENT
Body
Background:
At the November 3, 2016 CRA Board Meeting, CRA Staff presented the following three options for the development of Carver Square, a redevelopment project where 20 homes will be constructed in the SW Neighborhood:
1. The first option requires the issuance of a Request for Proposals (“RFP”) to interested local not-for-profit entities specializing in affordable housing to purchase and redevelop the 19 lots with their own housing products. The successful entity would enter into a purchase and sale agreement with the CRA and income be responsible for all aspects of construction and sales. Design and workforce housing income criteria, as well as, other compliance measures would be incorporated into the RFP.
2. The second option would allow the CRA to engage on of its architects on a continuing contract basis to create four quality home designs/models with a combination of one and two-story products. The CRA would then issue an RFP to interested local not-for-profit entities for the redevelopment of the site utilizing the CRA’s specified housing product. The local not-for-profit entity will be responsible for all aspects of construction and sales of the units to eligible buyers. With this option, the CRA may provide or secure a construction loan for the project if a non-profit does not have funding capacity. The funds would be recaptured after sale of each home.
3. In the third option, the CRA would be the developer, have the designs prepared, and issue an Invitation to Bid (“ITB”) for a contractor, or contractors, to construct the homes. This would also involve issuing an RFP or Request for Qualifications (“RFQ”) for local not-for-profit entities to income qualify and sell the units to eligible prospective bu...
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