Winter Park Housing Authority is seeking an experienced co-developer to help it develop or revitalize a half dozen or more affordable housing communities in the city.
The agency published a Request for Qualifications on Wednesday for a co-developer, with the partner to lead plans to rehabilitate current housing and/or build new developments or infill housing, through a Public Private Partnership.
The Winter Park Housing Authority now has two public housing properties and four affordable properties under its management, for a total of 707 units.
A pre-proposal meeting will be held July 20, 3 p.m. at 6999 Aloma Ave. Submissions are due Aug. 18, with potential interviews the week of Aug. 28, and a board decision by Sept. 13.
WPHA wants a co-developer with experience developing or revitalizing neighborhoods and affordable housing, a history of green building, and housing for the elderly. The selected group would advise the authority on all financing and work involving acquisition and development of new affordable housing assets.
The authority will consider utilizing multiple debt and equity instruments, including tax exempt bonds, low income housing tax credits, mortgage financing, limited partnership, HOME funds, SHIP funds and PPP options as its main forms of financing for development. A key role of the chosen developer will be to identify adequate funds from these and other sources.
The housing authority may try and develop mixed-income residential communities that include elderly and family units, it said in the RFQ.
The housing authority may opt to self-develop if funding becomes available from HUD or other sources that don't require a developer. It may also look for new sites not currently owned, and may select multiple co-developers to assist with different sites.
The co-developer will be expected to start work immediately, develop a comprehensive plan and operating budget, procure a construction manager and subcontractors, provide all financing guarantees to lenders, and obtain required building permits and zoning approvals.
It must also work with an architect on undertaking and conducting environmental and geotechnical testing at focal properties, design and construct all infrastructure and site improvements, provide regular monthly updates on progress of development efforts, and obtain financing through various public sources.
High-quality architectural design and amenities commensurate with market rate properties will be expected for the future projects. The authority also wants to incorporate green building techniques and ample recreation space.
WPHA said it currently has six public housing properties in Winter Park under consideration for redevelopment. Those include:
-- The Meadows apartments at 718 Margaret Square, built in 1975 it has 119 public housing units for families (9.82 acres);
-- Tranquil Terrace apartments at 845 W. Swoope Ave., built in 1975 with 52 units for elderly and disabled public housing (1.59 acres);
-- Plymouth Apartments at 1550 Gay Road, built in 1972 with 196 units of elderly housing at 60 percent or less of Average Monthly Income (3.21 acres);
-- Railroad Avenue Apartments at 600 Railroad Ave., building in 2005 with 30 units of family housing, 20 of those at 80 percent or less AMI and 10 at market rate (1.75 acres);
-- Tuscany at Aloma apartments at 6991 Aloma Ave., built in 1973 with 180 units of family housing with 15 at 80 percent or less AMI and 65 market rate (11.74 acres);
-- and Winter Park Oaks apartments at 301 Balfour Dr., built in 1963 with 130 units of family housing, all at 80 percent or less AMI (6.14 acres).
Questions regarding RFQ #2016-71316 can be directed to Barbara Lawrence, procurement manager, by July 25.