Description
The City of Fresno is offering up to $3,934,505 in Local Housing Trust Fund financing to support new‑construction, multifamily affordable‑rental housing projects that serve households earning up to 80 % of AMI (with a portion reserved for ≤ 30 % AMI). Developers must handle the entire development cycle—from site acquisition through entitlement, environmental compliance, financing, construction, and post‑construction management. Applications are accepted electronically and must be received by 1 PM on May 25, 2026. The project must commence within one year of the funding agreement and be completed within four years.
• Funding: $3.9 M low‑interest loan or hard debt for “shovel‑ready” multifamily projects.
• Scope: Full‑service development (acquisition, entitlement, CEQA, financing, construction, insurance, bonding).
• Eligibility: Developers capable of delivering new‑construction, 55‑year affordable‑rental units within Fresno.
• Evaluation: Point‑based scoring (100 total) emphasizing experience, site readiness, environmental status, low‑income unit provision, and financing package.
Attached files
The solicitation documents live at the source — open the bid source above to download them.