Posted Date : April 20,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : CONS-5356
Government Authority located in Cleveland, Ohio; USA based organization looking for expert vendor for construction gap financing program.
[A] Budget: Looking for proposal
[B] Scope of Service:
Vendor needs to provide construction gap financing program to the government authority located in Cleveland, OH.
- The Program Goal is to stimulate and sustain private construction investments in local housing markets. The intent of the program is to provide subsidy to a limited number of projects that produce quality housing and establish higher market values for new or renovated housing in a neighborhood.
- The program will require and prioritize projects that make a strong positive visual impact in a neighborhood. This visual impact will contribute to improved local market values and encourage additional investment.
- Development cost data, operating forecasts, and sales assumptions will be evaluated by the City to verify financing gaps. Sales prices and as-completed appraisals cannot exceed $250,000.
- have low acquisition costs relative to renovation or building costs;
- are strategically important; and
- are forecast to establish higher comparable sales and close the gap between development costs and market values for subsequent projects in a target area.
[C] Eligibility:
Onshore (US organization Only)
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: July 01,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
![]()
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : CONS-5356
Government Authority located in Cleveland, Ohio; USA based organization looking for expert vendor for construction gap financing program.
[A] Budget: Looking for proposal
[B] Scope of Service:
Vendor needs to provide construction gap financing program to the government authority located in Cleveland, OH.
- The Program Goal is to stimulate and sustain private construction investments in local housing markets. The intent of the program is to provide subsidy to a limited number of projects that produce quality housing and establish higher market values for new or renovated housing in a neighborhood.
- The program will require and prioritize projects that make a strong positive visual impact in a neighborhood. This visual impact will contribute to improved local market values and encourage additional investment.
- Development cost data, operating forecasts, and sales assumptions will be evaluated by the City to verify financing gaps. Sales prices and as-completed appraisals cannot exceed $250,000.
- have low acquisition costs relative to renovation or building costs;
- are strategically important; and
- are forecast to establish higher comparable sales and close the gap between development costs and market values for subsequent projects in a target area.
[C] Eligibility:
Onshore (US organization Only)
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: July 01,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$