Basic Information

Reference Number

00004115325

Issuing Organization

City of Kelowna

Solicitation Type

RFQ - Request for Qualifications (Formal)

Solicitation Number

11774

Title

11774 Middle Income Housing Partnership Short List

Source ID

SCRIBE

Details

Location

British Columbia

Purchase Type

Not Stated

Dates

Publication

2024/06/21 08:53:00 AM EDT

Closing Date

2024/07/23 05:00:00 PM EDT

Contact Information

Purchasing

250-469-8500

purchasing@kelowna.ca

Description

The City is seeking a development partner to undertake the funding, design, construction and management responsibilities of the lands based around the following core objectives:

• Affordability: At least 20% of the units in each project must be rented at 20% below the market rate,
• Financial Sustainability: To ensure the long-term viability of the projects, up to 80% of the units can be rented at full market rate, generating revenue for the developers and operators.
• Unit Mix: The projects must offer a variety of home sizes, ranging from studio apartments to three-bedroom units, to accommodate the diverse needs of middle-income residents;

These criteria are designed to balance the goals of affordability, sustainability, and diversity in the MIHP program. By following these criteria, the program will create more housing options for middle-income households who are often priced out of the market or unable to find suitable homes.

Disclaimer All amendments to the associated notice, including amended documents, plans and specifications (where applicable), are issued on bcbid.gov.bc.ca. MERX asks that you refer to bcbid.gov.bc.ca notice for these amendments. MERX stipulates that potential bidders may also be required to register with the buying authority as a bidder/plan taker. The contact information can be found within the notice abstract.