The City of Norman has released a request for proposal (RFP) for an affordable rental housing development following approval of Norman City Council. As part of the project, the City of Norman will utilize Coronavirus State and Local Fiscal Recovery Funds (SLFRF) to provide an assistance package to mitigate barriers to rental housing development that result in long-term affordable rents for the target market.
The successful Proposer will leverage the city’s development assistance package with Oklahoma Housing Finance Agency’s Section 42 Low-Income Housing Tax Credits, Multifamily Bonds, and/or other financial resources, has a successful history of developing, operating, and managing low-income housing tax credit developments in Oklahoma, and demonstrates sensitivity to quality land use planning, housing development design, accessibility, and architecture.
City of Norman Affordable Housing RFP
For questions and more information, contact: