Low-income Housing Tax Credit (LIHTC) Developers in Partnership with the City of Ames for Baker Subdivision located at 321 State Avenue, Ames, IA

Low-income Housing Tax Credit (LIHTC) Developers in Partnership with the City of Ames for Baker Subdivision located at 321 State Avenue, Ames, IA

The City of Ames, Iowa is accepting proposals from qualified and experienced affordable housing developers, utilizing the Iowa Finance Authority 9% Low-Income Housing Tax Cred Program (LIHTC) program. The successful developer would enter into 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.

Ames, like many communities across America, has a continuing need for more affordable housing for low and moderate 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”.

Through the use of its Community Development Block Grant (CDBG) funding, the City of Ames has secured ownership of a 10+ acre tract of infill land located at 321 State Avenue in West Ames. The tract of land is also located in the City’s first Neighborhood Revitalization Strategy Area (NRSA), which will allow for a greater flexibility in the development of mixed-income housing units that meet CDBG program requirements.

Pre-proposal meeting is scheduled for Wednesday, December 28, 2022 at 10:00 PM Local Time via Zoom at: https://us02web.zoom.us/j/81877970296?pwd=M21NUWRuN3Q5blpLZi80R1F6ZGptdz09 , Meeting ID: 818 7797 0296, Passcode: 331319, OR call: 1-312-626-6799, 81877970296# US (Chicago). Information is also located on page 5 of the Request for Proposal document.

Questions and requests for clarification of requirements for this development are encouraged. All questions and requests for clarification are to be submitted via email to Karen Server at no later than 5:00 PM Local Time on Thursday, January 5, 2023.