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  5. ›2023 RFP-01 ERA2 AFFORDABLE HOUSING PROJECT

Benton County·Arkansas

2023 RFP-01 ERA2 AFFORDABLE HOUSING PROJECT

Closes 5/3/2023$500k – $2.4MRequest for Proposal
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Description

The Benton County Government is soliciting proposals to develop an affordable‑housing project funded up to $2.4 million. Vendors must design, finance, construct, and manage housing units that serve households earning ≤ 65 % of the Area Median Income, include a 20‑year affordability covenant, and meet federal housing quality standards. Proposals require detailed project plans, budgets, performance metrics, and proof of federal and SAM compliance. • Minimum qualification: serve ≤ 65 % AMI, 20‑year affordability covenant, tenant‑protection provisions. • Deliverables: full project design, construction schedule, financing plan, operational management, and quarterly reporting. • Required submissions: four hard‑copy proposals + one electronic copy on USB, including risk questionnaire, financial statements, 2022 audit, SAM registration proof, and signed certifications. • Evaluation focuses on target population, unit count & mix, timeline, and demonstrated capacity to manage similar affordable‑housing projects.

Attached files

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

Contact

Shannon Maki(Properties Representative)

[email protected]

(479) 464-6168

Key dates

Opened
4/9/2023
Questions due
5/2/2023
Closes
5/3/2023
Projected award
5/10/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
2023 RFP-01

Budget estimate

$500,000 – $2,400,000

The RFP caps funding at $2,400,000. Assuming the award could range from a partial to the full amount, a realistic earnings estimate for a contractor would be between $500,000 (if only a portion of the budget is allocated for construction services) and the full $2,400,000 if the vendor is awarded the entire project budget. Factors influencing the final figure include the scope of work (design‑build vs. construction‑only), the vendor’s cost‑plus markup, and any matching funds the vendor must provide.

AI estimate from the solicitation

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