USA | CA | ALAMEDA COUNTY | ALAMEDA | 94501 Small City
City Of Alameda - CA
Affordability Covenant
RFP - HOME Investment Partnership Program Housing Development
affordable housing development, site improvements, or rental housing rehabilitation
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The bid proposals are due by April 27, 2026, before 5:00 PM.
The City of Alameda has a strict policy of not providing funding advances before project costs are incurred and paid. The city normally funds on a reimbursement basis. Reimbursement is made only upon completion and payment of incurred costs. In cases where it is not possible for the project sponsor to advance the project costs and then seek reimbursement, direct payment can be made to a third party after certification from the project sponsor that work has been satisfactorily completed and accepted.
Applications will be reviewed by the city staff against priorities and criteria. Staff will formulate preliminary recommendations. City staff will present the recommendations to City Council for approval in May 2026.
Qualified applicants must have demonstrated experience with developing, owning and/or operating regulated affordable housing in California as well as the ability to manage and successfully complete the proposed project.
Any project that is not completed timely will be terminated and the developer will be required to repay HOME funds drawn. HOME-assisted rental units must be occupied by income-eligible households within 18 months of project completion; if not, the developer must repay HOME funds for the vacant units.