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Bid Date/Time: Sept. 2, 5 p.m.

In 2007 and 2008, the Housing Authority of Portland sold its single-family public housing stock to pay for more efficient, higher density, rental housing. In support of this long-term affordable housing preservation strategy, and in pursuit of homeownership and job creation goals, the Housing Services Department of the Portland Development Commission acquired 20 single-family homes from HAP.

The homes are being offered in four “bundles” of four to six houses. Bundles have been designed to include some homes in poor condition and some homes in better condition. Interested parties can propose to purchase one to four bundles. Homes are available only in the bundles as offered.

Using an evaluation process, one or more developers will be selected to purchase, renovate and market the properties to first-time home buyers earning no more than 80 percent of the area’s median family income. Developers will be provided loans for the acquisition and renovation costs. The public investment will be protected by permanent affordability restrictions targeting the homes to low-income buyers and limiting future price increases.

The RFP goals are to: increase the availability of affordable housing by providing homeownership opportunities for households at or below 80 percent MFI; promote affordable housing for historically disadvantaged communities, especially in pursuit of closing the minority homeownership gap; and support small businesses and increase employment and training opportunities for women, minorities and emerging small businesses.

A nonmandatory information session for this solicitation is set for Monday in the Portland Housing Bureau’s conference room on the fifth floor of the Commonwealth Building, 421 S.W. Sixth Ave., from 1 to 2:30 p.m.

Anticipated notice of awards is scheduled for Sept. 24.

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