The City of Salida is requesting a Statement of Qualifications and Interest from experienced developers or development teams who have the capacity and expertise to develop workforce housing in Salida, CO.
Specifically, the City would like to engage developers experienced in successfully developing projects with the low income housing tax credit program, especially with expertise in rural communities or in Colorado. The City is targeting new ownership and rental housing for households earning between 40 and 120 percent of the AMI.
There are immediate gaps in housing availability throughout this income spectrum. With this in mind, the City anticipates that qualified developers will provide a mix of tax-credit and market rate affordable options.
Once selected, and the developer has an option agreement, the qualified development team will be asked to provide a formal market study to support the final number of units proposed.
The Vandaveer Ranch includes 191.6 acres of land on the southern side of town, of which 10-20 acres would be available for development. The City has determined that this property is desirable and suitable to create a workforce housing neighborhood. It is the intent of the City to partner with a private developer to design and build a high-quality workforce housing neighborhood on the Vandaveer Ranch parcel that has a memorable character and sense of place compatible with the City of Salida, and provides quality and sustainable affordable housing.
The full RFQI can be found at the following link. RFQI-Vandaveer Ranch