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  5. ›RFP 26-15 For The Purchase of Nine (9) Residential Properties in th…

City of Lake Wales·Florida

RFP 26-15 For The Purchase of Nine (9) Residential Properties in the CRA

Closes 9/1/2026$5M – $25MRequest for Proposal
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Description

The Lake Wales Community Redevelopment Agency is seeking qualified developers to purchase and redevelop nine residential properties within the CRA. The goal is to create affordable housing, enhance the tax base, and promote smart‑growth development over a 2‑4‑year horizon. Proposals must demonstrate experience in single‑family home construction, historic building restoration, financing capability, and a clear timeline for implementation. The CRA will evaluate proposals based on affordability, market viability, stakeholder engagement, and long‑term asset stewardship. • Redevelop nine residential parcels into affordable single‑family homes. • Emphasize historic preservation, tax‑base expansion, and smart‑growth principles. • Require detailed financing, design renderings, schedule, and long‑term viability strategy.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Cynthia Harnage(Purchasing Agent)

[email protected]

(863) 678-4182

Key dates

Opened
7/30/2026
Closes
9/1/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236210
Solicitation №
RFP-26-15-0-2026/CH

Budget estimate

$5,000,000 – $25,000,000

No explicit budget is disclosed. Based on typical costs for new single‑family homes in Central Florida ($150,000–$250,000 per unit) plus site preparation, infrastructure, and potential historic restoration, the total project value for nine homes could range from roughly $5 million (minimum) to $25 million (maximum). This estimate assumes modest design complexity and standard construction; higher‑end finishes or extensive historic work could push the upper bound higher.

AI estimate from the solicitation

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