Edit, Download, and Sign the City of Durham Affordable Housing RFP 2021-2022

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How do I fill this out?

To fill out this form, ensure you have the necessary information ready. Review the application requirements to confirm your eligibility. Follow the detailed instructions provided in the relevant sections for a successful submission.

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How to fill out the City of Durham Affordable Housing RFP 2021-2022?

  1. 1

    Review the application requirements carefully.

  2. 2

    Prepare the necessary documentation, including proof of site control.

  3. 3

    Complete the application form with accurate information.

  4. 4

    Collect audited financials and any required affidavits.

  5. 5

    Submit your application through the specified channels.

Who needs the City of Durham Affordable Housing RFP 2021-2022?

  1. 1

    Nonprofit organizations looking to develop affordable housing.

  2. 2

    For-profit developers seeking funding for rental projects.

  3. 3

    Local government agencies concerned with housing initiatives.

  4. 4

    Community development groups aiming to support low-income residents.

  5. 5

    Investors in affordable housing projects who need compliance information.

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What are the instructions for submitting this form?

To submit this form, applicants must prepare their proposal in accordance with the guidelines. Completed forms should be sent via email to Matthew.Walker@Durhamnc.gov or submitted physically to the Community Development Department at 2010 Chapel Hill Rd, Suite 26, Durham, NC 27707. Ensure all documents are included and the application is signed to confirm acceptance of terms.

What are the important dates for this form in 2024 and 2025?

Proposals must be submitted by the deadlines set for the January and May 2022 application periods. Further dates related to funding disbursements will be contingent on the City Council's approval of the projects. Ensure to check for updates on deadlines as they may vary in future RFPs.

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What is the purpose of this form?

The purpose of this RFP is to solicit, evaluate, and fund proposals that will increase the availability of affordable housing in Durham. With a total investment of $160 million from various funds, this initiative aims to support low-income residents. The focus is on projects that can effectively provide new rental units or preserve existing affordable properties in the community.

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Tell me about this form and its components and fields line-by-line.

The form contains several fields and components necessary for the application process. Applicants must provide pertinent information to demonstrate eligibility and project details.
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  • 1. Applicant Name: The legal name of the organization applying for funding.
  • 2. Contact Information: Contact details including address, email, and phone number.
  • 3. Project Description: Detailed information on the proposed project activities and objectives.
  • 4. Budget Overview: Estimated budget for the project, including funding sources and usage.
  • 5. Experience Statement: Summary of the organization's experience in affordable housing development.

What happens if I fail to submit this form?

If the form is not submitted correctly, applicants risk being disqualified from funding consideration. Missing documents or inaccurate information can lead to delays or rejection.

  • Incomplete Application: Applications lacking required documents will not be evaluated.
  • Inaccurate Information: Falsifying information can result in disqualification from the funding process.
  • Missed Deadlines: Failing to submit by the deadline can prevent any consideration for funding.

How do I know when to use this form?

Use this form when you intend to apply for funding for affordable housing projects under the City of Durham's initiative. It should be utilized by qualified developers wanting to access financial support for their projects.
fields
  • 1. New Project Proposals: For developers planning new affordable housing projects.
  • 2. Project Extensions: For existing projects seeking to extend their funding assistance.
  • 3. Collaborative Initiatives: When organizations plan to partner with others for enhanced outcomes.

Frequently Asked Questions

What is the purpose of this RFP?

The RFP aims to solicit proposals for affordable housing financing for low- and moderate-income households.

Who is eligible to apply?

Nonprofit and for-profit entities with experience in affordable housing development are eligible.

What funding sources are available?

Funding may come from the City's Dedicated Housing Fund, Affordable Housing Bond Fund, and the HOME program.

How do I submit my application?

Applications must be submitted as specified in the RFP document through the correct channels.

What if I don’t meet the requirements?

Projects not meeting the thresholds will not be considered for funding.

Are there financial documentation requirements?

Yes, applicants must provide audited financials for the past two fiscal years.

Can existing projects apply for funding?

Yes, existing income-restricted LIHTC properties seeking to extend their affordability can apply.

What is the minimum period of affordability?

The minimum affordability period is 30 years from the date of funding award.

Is there an exception to the rental assistance requirement?

Yes, the City may grant exceptions for existing affordable housing projects.

What happens after the proposal submission?

Proposals will be reviewed, and selected projects will be notified regarding funding decisions.

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