Date

Aug 01 2022 - Dec 31 2023
Ongoing...

Affordable Housing Development Requests for Proposals

Kingdom Partners – Housing Development Group (KP-HDG) has been selected by the City for a $1.8M grant to develop 30+ units in Chattanooga. The funding will be provided to Faith Based Organizations and Not-for-Profits (FBO’s) that wish to develop affordable, permanent housing.

The funding will allow for 0% interest loans for pre-development costs of up to $10,000 and Direct Gap Funding of up to $30,000/unit for rehabilitation, and up to $50,000/unit for new construction of permanent affordable housing.

We are seeking proposals from FBO’s that have or can secure land and wish to develop housing with their development teams. Selected FBOs will demonstrate their capacity to undertake the development of units based on the skills of their development team.

This will be an open solicitation and submissions may be provided until September 31, 2024. Copies of the solicitation documents will be available to be emailed effective at November 1, 2022, and can be also accessed on the website: www.kingpartners.org.

A pre-proposal conference will be held on Saturday, November 12, 2022, 10:00 a.m. at Orchard Knob Baptist Church, 1734 East Third St., Chattanooga, TN 37404.

The Proposals will be received electronically to KP-HDG starting on December 19, 2022. Awards will be made quarterly, and the solicitation will remain open until September 31, 2024, or until funds are fully expended.

The Request for Proposals may be obtained by contacting KP-HDG at 423.827.7078. Website: www.kingpartners.org.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed