Request for Proposals Sought for Low-Income Housing Tax Credit (LIHTC) Developers
The City of Ames is accepting proposals from qualified and experienced affordable housing developers utilizing the Iowa Finance Authority’s 4-percent Low-Income Housing Tax Credit (LIHTC) program. The successful developer would enter a partnership with the City of Ames for the construction of low-income rental housing on a 2.78-acre site within the City’s affordable housing development known as the Baker Subdivision, located along 321 State Ave.
Ames, like many communities across America, has a continuing need for more affordable housing for low-income households. One of the major goals and priorities of the City’s adopted 2019-23 CDBG/HOME Five-year Consolidated Strategic Plan is to “create, expand, and maintain affordable housing for homeless and low-income persons.”
A copy of the Request for Proposals (RFP) is available on the City’s website at www.CityOfAmes.org/housing.
For more information regarding the RFP, please contact Karen Server, Purchasing Manager, at karen.server@cityofames.org, or Vanessa Baker-Latimer, Housing Coordinator, at vanessa.bakerlatimer@cityofames.org.
Original source can be found here.
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