Read more about the 57th Street Affordable Rental Housing Development RFP.
DFCS will allocate up to $2.2 Million in Workforce Housing Trust Fund (WFHTF) monies and provide the City-owned project site towards the construction of a permanently affordable, mixed-income, mixed-use, rental, affordable housing development project for seniors aged 62 years old and older.
Proposed affordable housing development projects should take into consideration a variety of senior needs and subpopulations including but not limited to:
- Seniors over the age of 75
- Seniors at/or below 30 percentof the City's Area Median Income (AMI)
- And/or seniors raising grandchildren.
Proposed projects need to ensure that a minimum of 51 percent of all units are affordable to households at/or below 80 percent AMI with 30 percent of units affordable to households at/or below 30 percent AMI. Proposed affordable housing development projects need to demonstrate the capacity to obtain additional project financing from available sources such as the Low Income Housing Tax Credit (LIHTC) Program, HUD Section 202 Program, bank loans, etc.
The development should be pedestrian friendly and designed to create a sense of community through a site plan including building arrangement, amenities, onsite service coordination, and open space appropriate to the needs of seniors over the age of 75 and/or seniors raising grandchildren.