Requests for Proposals
Following is a listing of active Requests for Proposals (RFPs), Requests for Qualifications (RFQs) and program nominations being solicited by the Department of Community Planning and Economic Development (CPED).
General Conditions are terms and conditions that the City expects all of its Contractors to meet. By proposing, the proposer agrees to be bound by these requirements unless otherwise noted in the Proposal. The proposer may suggest alternative language to any section. Some negotiation is possible to accommodate the proposer’s suggestions.
Sign up to receive announcements on CPED-related funding and site development opportunities available through RFP application cycles throughout the year.
- Great Streets Business District Support RFP
The City of Minneapolis is seeking proposals in response to the annual Great Streets Business District Support RFP. The RFP and Business District Support Program information can be found on the Great Streets webpage, here, under the Business District Support tab.
Proposals are due no later than 4:00 p.m. CST on Thursday, March 2, 2017. Questions regarding the RFP must be submitted via email to Rebecca Parrell no later than Friday February 3, 2017. Questions will be answered and posted on the City’s website by Tuesday, February 7, 2017. An optional RFP informational meeting will be held on Tuesday, January 31 from 9:00-10:00 a.m. in CPED’s offices, located in the Crown Roller Mill building at 105 5th Ave S, Suite 200, Minneapolis, MN 55401
- Minneapolis Homes Request for Program Design Qualifications: Long Term Affordability Home Sale Model
The City of Minneapolis Community Planning and Economic Development Department seeks qualifications from outside organizations for home sale models that will achieve City goals for preserving affordable homeownership opportunities at 80% of area median income or less throughout the City of Minneapolis.
Qualified home sale models will be eligible to access long term affordability homebuyer assistance funds and properties restricted for sale through long term affordable home sale models in South and Northeast Minneapolis, subject to Minneapolis Homes program guidelines.
See the Request for Qualifications (pdf) for additional information. Direct inquiries to Roxanne Kimball.
- East Bank Village Qualified Contract Purchase Opportunity – 11/10/2016
East Bank Village is a 30-unit property located at 24 University Ave NE, Minneapolis, MN 55413. The unit mix is comprised of 7 one-bedroom, 15 two-bedroom, and 8 three-bedroom apartments located on the building’s second and third floors. The first floor is a separate commercial development that is a separate legal and tax parcel with no shared ownership to the housing component.
The individual units are designed with an open floor plan with 6 foot high windows to allow for ample natural light and central air. The kitchens are equipped with a dishwasher and disposal, and the closets are spacious for maximum storage. Each apartment has its own furnace, giving residents control of their electric and gas bill.
The property is subject to a Declaration of Land Use Restrictive Covenants for Housing Tax Credits imposing rent and income restrictions for a 30-year period ending 2031. The property is currently in year 15 of its tax credit compliance period and the current owner is offering the property for sale by Qualified Contract per Section 42 Low Income Housing Tax Credit rules.
The Qualified Contract Price as specified by Section 42 formula is $4,849,143.
Please refer to East Bank Village Qualified Contract listing for additional information. Please refer to the state’s Qualified Contract Guide for additional information regarding qualified contracts generally.
Preservation of at risk subsidized rental housing is a priority specified in the City of Minneapolis Affordable Housing Policy Resolution. Housing for families with children (2+ bedroom units) is the City’s highest preservation priority. The City of Minneapolis has made a subordinate loan of $1.1 million in support of East Bank Village’s affordable units and is seeking an experienced affordable housing development partner to pursue a qualified offer on the property.
Inquiries of the City regarding East Bank Village Qualified Contract should be directed to Scott Ehrenberg / (612) 673-5067 or Dollie Crowther / (612) 673-5263.
Inquiries of the owner regarding East Bank Village should be directed to:
607 Washington Ave N, Suite 100
Minneapolis, MN 55401
- CPED is a suballocator of Low-Income Housing Tax Credits (LIHTC) for the state. Tax credits are offered through an annual RFP process pursuant to the Qualified Allocation Plan. Proposals are due annually.
- Affordable Housing Trust Fund Program funds are used to provide gap financing (the difference between conventional financing and project costs) for affordable and mixed-income rental housing production and preservation projects. Proposals are due annually.
- CPED seeks nominations for projects to include in its new Higher Density Corridor Housing Initiative . The program provides a new funding source for public acquisition of sites for multifamily housing development on or near community, commercial and transit corridors. Open application period.
Last updated Feb 22, 2017